Affordable homes unveiled in Long Branch. (New Jersey).

State and local officials joined developers in Long Branch to help celebrate the completion of a new phase of homes dedicated for moderate-income families.

The group of dignitaries gathered at the site on Monmouth Street to unveil the new homes, which are part of a $4.2 million affordable housing program. When completed, 38 homes will be created on scattered sites in a neighborhood designated for assistance by the Urban Coordinating Council and within Long Branch's Urban Enterprise Zone.

A joint venture of Applied Development Company of Hoboken and The Mon Group of Shrewesbury was tapped to develop the project, called Riverwalk Homes.

"We're excited to be here today and want to thank all of those agencies and individuals who supported this program and allowed us to move forward," said Dean Mon of The Mon Group. "We believe these homes will be an important component of the overall reinvestment and redevelopment of Long Branch."

Much of the local support was marshaled by Mayor Adam Schneider who worked with the development team and community and state officials to make these homes a reality.

"Riverwalk Homes represents yet another example of the positive changes taking place in this neighborhood," the Mayor pointed out. "We're delighted to be a part of this program and feel that as a community, we're getting back a lot more than what we've invested."

Financing for Riverwalk Homes is being provided in part by the New Jersey Housing and Mortgage Finance Agency (HMFA) through its Home Ownership Recovery Program.