HousingGoals Goal 1 Redevelop the West Side while preserving affordable housing. Strategies Rehabilitate affordable housing Leverage the redeveloped Boston Way Redevelop Lincoln Village Goal 2 Promote affordable homeownership in the West Side. Strategies Market affordable properties to West Side residents Develop a comprehensive homeownership course Identify positive investors to refurbish affordable homes Manage and rehabilitate vacant and abandoned properties Construct the Parkview AP Residences Goal 3 Support existing West Side renters and homeowners. Strategies Develop financial assistance programs and loan products to assist residents in improving their homes Expand code enforcement Develop non-residential programming as part of Lincoln Village redevelopment EXISTING CONDITIONSMedian Monthly Rent (Past 5 Years) Median Home Values (Past 5 Years) Housing Burden 0%...of Asbury Park renters pay more than 35% of their income on rent.Homeownership 0%... homeownership in Asbury Park, compared to 74.8% in Monmouth CountyClick here to see more supporting data from the needs assesmentClick here to see more information about Lincoln Village residentsThe Community Says Absentee landlords are a pervasive problem in the West Side Affordable and workforce housing would help stabilize the neighborhood and enable long-term residents to stay put Homeownership opportunities are desirable among many residents Funding for facade improvements would help homeowners who want to improve their properties Mixed income communities are crucial to create a vibrant neighborhood
