About This Property
Prestwick Square of New Albany II offers 20 two-bedroom units designated as low-income housing in New Albany, Indiana. The property has been in service since 1993 and is located in Floyd County. All 20 units at this community are designated for low-income households.
Waitlist Information
Waitlist managed by Housing Authority of the City of New Albany
Applications are accepted for 2, 3, and 4-bedroom units at Broadmeade Terrace, Crystal Court, Parkview Terrace, Shoreline Villas, Valley View, and Beechwood Court. Priority is given to low-income families, individuals 62 or older, or individuals with disabilities who reside in Floyd County, with landlord and criminal history checks. Applications can be picked up and dropped off at 300 Erni Avenue, Monday - Thursday, 8:30 AM - 11:00 AM.
Section 8 applications are not currently being accepted.
Waitlist data provided by section8waitlist.org
Updated October 18, 2026
Property Details
Fair Market Rent - Floyd County, IN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $976 |
| 1 Bedroom | $1,077 |
| 2 Bedroom | $1,301 |
| 3 Bedroom | $1,701 |
| 4 Bedroom | $1,955 |
Income Limits - Floyd County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,150
- Very Low (50%)
- $26,950
- Low (80%)
- $43,050
- Extremely Low (30%)
- $18,450
- Very Low (50%)
- $30,800
- Low (80%)
- $49,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,650
- Low (80%)
- $55,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,450
- Low (80%)
- $61,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,550
- Low (80%)
- $66,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,650
- Low (80%)
- $71,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,700
- Low (80%)
- $76,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,800
- Low (80%)
- $81,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,150 | $26,950 | $43,050 |
| 2 Persons | $18,450 | $30,800 | $49,200 |
| 3 Persons | $21,960 | $34,650 | $55,350 |
| 4 Persons | $26,500 | $38,450 | $61,500 |
| 5 Persons | $31,040 | $41,550 | $66,450 |
| 6 Persons | $35,580 | $44,650 | $71,350 |
| 7 Persons | $40,120 | $47,700 | $76,300 |
| 8 Persons | $44,660 | $50,800 | $81,200 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Albany, IN?+
The Fair Market Rent (FMR) for Floyd County, IN is: $976 (Studio), $1077 (1BR), $1301 (2BR), $1701 (3BR), $1955 (4BR). Actual rent at subsidized properties like Prestwick Square of New Albany Ii is typically 30% of household income or less.
What size apartments are available at Prestwick Square of New Albany Ii?+
Prestwick Square of New Albany Ii offers the following unit types: 20 Two-Bedroom units, for a total of 20 units.
What is the price range for apartments in New Albany, IN?+
Based on Fair Market Rent for Floyd County, the estimated price range is: 2-bedroom: $1301. Actual rent at Prestwick Square of New Albany Ii may be lower for income-eligible households.
Is there a waitlist for Prestwick Square of New Albany Ii?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Prestwick Square of New Albany Ii?+
Prestwick Square of New Albany Ii is managed by . You can reach them at .
How do I apply for housing at Prestwick Square of New Albany Ii?+
Prestwick Square of New Albany Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
What are the income limits for affordable housing in Floyd County, IN?+
For a 4-person household in Floyd County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,450, Low Income (80% AMI): $61,500. These limits are set by HUD and updated annually.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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