RBAHC Board of Trustees
Terrence K. Porter, President ~ Vanessa Munson ~ Renee Harris ~ Nichoele Peguese ~ Sonia Quiles ~ Alpha Reynolds-Lewis ~ Beate Sykes ~ Ann Wolf
"Building the Community of Red Bank through Affordable Living"
Affordable Housing Corporation
Monmouth County Community Development Program
NJ Housing and Mortgage Finance Agency
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Applications Now Being Accepted
"Fortune Square at Red Bank"
92 Drs. James Parker Blvd.
Red Bank, NJ
One- and Two- Bedroom Apartments Available
1 Bedroom ~ 731 sq ft
2 Bedrooms ~ 1051 sq ft
Return completed Preliminary Application for Affordable Housing to:
Red Bank Affordable Housing Corporation
PO Box 2207
Red Bank, NJ 07701
or email to:
Subject line: Fortune Square application
The Red Bank Affordable Housing Corporation (RBAHC) was established in the spring of 2007, for the purpose of establishing affordable housing opportunities for low- and moderate- income families in the borough of Red Bank. Upon its inception, RBAHC entered into a unique triume relationship that includes the borough of Red Bank and the Red Bank Housing Authority. The Red Bank borough administration acquired the land for RBAHC through funding provided by the Land Acquisition Act of New Jersey. The Red Bank Housing Authority serves as management agncy for the property, and the RBAHC as the developers of teh project, as well as assisting potential homeowners with the income eligibility process and mortgage applications.
The basic goal of the RBAHC is to "Build the Community of Red Bank through Affordable Homeownership". The initial development of thirty-six (36) townhouse units (known as Cedar Crossing of Red Bank) provides homeownership opportunities to 36 qualified families in our community. Phase I (20 2- and 3- bedroom units) were completed in the fall of 2011. Phase II (16 units) were completed in 2012, and is fully owner-occupied as of early 2017.
Funding for the development was secured through three (3) primary sources: the Housing and Mortgageg Finance Agency of New Jersey (NJHMFA), the CHOICE program of Monmouth County, and construction loans through Investors Bank.
In 2019, RBAHC was designated as the Administrative Agent of affordable housing for the Borough of Red Bank, helping to further its mission of "Building the Community of Red Bank through Affordable Living".
In addition to housing, RBAHC strives to contribute to the well-being of the people of Red Bank and beyond through community and outreach.
Currently, Pastor Terrence K. Porter serves as the President and Executive Director of the RBAHC Board of Trustees.