Oceanport, New Jersey


Oceanport Manor Apartments

  • 12 apartment units consisting of three-bedroom, two-bedroom, and one-bedroom units.
  • The Initial funding sources were a $252,000 loan from Sovereign Bank and a short-term loan of $50,000 from the Borden Foundation.
  • Additional funding for the renovation and alterations was provided by Monmouth County HOME ($80,000) and an Affordable Housing Subsidy of $75,000 from the FHLB.