1 waitlist is currently open in New Albany, IN
Apply before waitlists close. Check each listing for details and deadlines.
1810 GRAYBROOK LN, NEW ALBANY, IN, 47150
4919 CHARLESTOWN RD, NEW ALBANY, IN, 47150
518 E FOURTH ST, NEW ALBANY, IN, 47150
514 E FOURTH ST, NEW ALBANY, IN, 47150
4100 PRESTWICK SQ, NEW ALBANY, IN, 47150
4100 PRESTWICK SQ, NEW ALBANY, IN, 47150
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 |
Frequently Asked Questions About Housing in New Albany, IN
How many affordable housing options are in New Albany, Indiana?+
There are 23 affordable housing properties in New Albany, Indiana, including 3 public housing, 19 Low-Income Housing Tax Credit (LIHTC), 1 housing authority listings. Browse the full list above to find options that fit your needs.
What is the average rent for affordable housing in New Albany, Indiana?+
The Fair Market Rent for Floyd County, Indiana is: Studio: $976, 1BR: $1077, 2BR: $1301, 3BR: $1701. Subsidized housing typically charges tenants 30% of their adjusted gross income, which may be significantly less than FMR.
How do I apply for Section 8 housing in New Albany, Indiana?+
To apply for Section 8 (Housing Choice Voucher) in New Albany, Indiana, contact your local housing authority. You can browse the housing authority listings on this page to find contact information. Applications are typically accepted when the waitlist is open. Eligibility is based on income (generally below 50% of Area Median Income), family size, and citizenship status.
What are the income limits for affordable housing in Floyd County, Indiana?+
For a 4-person household in Floyd County, Indiana, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,450, Low Income (80% AMI): $61,500. Income limits vary by household size and are updated annually by HUD.
Are there open waitlists for affordable housing in New Albany, Indiana?+
Yes, there are currently 1 housing authority with open waitlists in New Albany, Indiana. Look for the "Waitlist Open" badge on listings above, or use the waitlist filter to find them quickly. Waitlist availability changes frequently, so apply as soon as possible.
What types of affordable housing are available in New Albany, Indiana?+
New Albany, Indiana has the following types of affordable housing: Public Housing (government-owned units with income-based rent); LIHTC properties (privately owned, tax-credit funded affordable apartments); Housing Authorities (administering Section 8 vouchers and public housing). Each program has different eligibility requirements and application processes.
What is the population of New Albany, Indiana?+
New Albany, Indiana has an estimated population of 36,730. With 23 affordable housing properties serving the area, there are housing assistance options available for eligible residents.