About This Property
North Lake Village I comprises 42 affordable residential units in Middletown, Delaware, offering a mix of one-, two-, three-, and four-bedroom floor plans to serve households of varying sizes. The property was placed in service in 2013 and includes 2 one-bedroom units, 22 two-bedroom units, 12 three-bedroom units, and 6 four-bedroom units. The community is situated in New Castle County.
Property Details
Fair Market Rent - New Castle County, DE
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,303 |
| 1 Bedroom | $1,451 |
| 2 Bedroom | $1,737 |
| 3 Bedroom | $2,100 |
| 4 Bedroom | $2,422 |
Income Limits - New Castle County, DE
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,850
- Very Low (50%)
- $33,100
- Low (80%)
- $52,950
- Extremely Low (30%)
- $22,700
- Very Low (50%)
- $37,800
- Low (80%)
- $60,500
- Extremely Low (30%)
- $25,550
- Very Low (50%)
- $42,550
- Low (80%)
- $68,050
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $75,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $51,050
- Low (80%)
- $81,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,850
- Low (80%)
- $87,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $58,600
- Low (80%)
- $93,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $62,400
- Low (80%)
- $99,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,850 | $33,100 | $52,950 |
| 2 Persons | $22,700 | $37,800 | $60,500 |
| 3 Persons | $25,550 | $42,550 | $68,050 |
| 4 Persons | $28,350 | $47,250 | $75,600 |
| 5 Persons | $31,040 | $51,050 | $81,650 |
| 6 Persons | $35,580 | $54,850 | $87,700 |
| 7 Persons | $40,120 | $58,600 | $93,750 |
| 8 Persons | $44,660 | $62,400 | $99,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Middletown, DE?+
The Fair Market Rent (FMR) for New Castle County, DE is: $1303 (Studio), $1451 (1BR), $1737 (2BR), $2100 (3BR), $2422 (4BR). Actual rent at subsidized properties like North Lake Village I is typically 30% of household income or less.
What size apartments are available at North Lake Village I?+
North Lake Village I offers the following unit types: 2 One-Bedroom, 22 Two-Bedroom, 12 Three-Bedroom, 6 Four-Bedroom units, for a total of 42 units.
What are the income limits for affordable housing in New Castle County, DE?+
For a 4-person household in New Castle County, DE, the income limits are: Extremely Low Income (30% AMI): $28,350, Very Low Income (50% AMI): $47,250, Low Income (80% AMI): $75,600. These limits are set by HUD and updated annually.
What is the price range for apartments in Middletown, DE?+
Based on Fair Market Rent for New Castle County, the estimated price range is: 1-bedroom: $1451, 2-bedroom: $1737, 3-bedroom: $2100. Actual rent at North Lake Village I may be lower for income-eligible households.
Who manages North Lake Village I?+
North Lake Village I is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at North Lake Village I?+
North Lake Village I is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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