About This Property
Grand Avenue Commons offers 52 low-income residential units in New Castle, Indiana, consisting of 29 one-bedroom and 23 two-bedroom apartments. The property has been in service since 2005 and serves Henry County residents.
Waitlist Information
Waitlist managed by New Castle Housing Authority
Preferences include Elderly, Veterans, Homeless, Disabled, Families with Children, and Henry County residents. Applicants must be 18 years or older. Declining two invitations to apply will result in removal from the waitlist.
Applications were last accepted from August 20, 2019, to August 23, 2019. The final waitlist was determined by a random lottery.
Waitlist data provided by section8waitlist.org
Updated June 8, 2026
Property Details
Fair Market Rent - Henry 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 | $678 |
| 1 Bedroom | $682 |
| 2 Bedroom | $863 |
| 3 Bedroom | $1,083 |
| 4 Bedroom | $1,204 |
Income Limits - Henry County, IN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,050
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $26,750
- Low (80%)
- $42,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,400
- Low (80%)
- $53,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,100
- Low (80%)
- $57,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $38,750
- Low (80%)
- $62,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,450
- Low (80%)
- $66,300
- Extremely Low (30%)
- $44,100
- Very Low (50%)
- $44,100
- Low (80%)
- $70,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,050 | $23,400 | $37,450 |
| 2 Persons | $17,420 | $26,750 | $42,800 |
| 3 Persons | $21,960 | $30,100 | $48,150 |
| 4 Persons | $26,500 | $33,400 | $53,450 |
| 5 Persons | $31,040 | $36,100 | $57,750 |
| 6 Persons | $35,580 | $38,750 | $62,050 |
| 7 Persons | $40,120 | $41,450 | $66,300 |
| 8 Persons | $44,100 | $44,100 | $70,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Castle, IN?+
The Fair Market Rent (FMR) for Henry County, IN is: $678 (Studio), $682 (1BR), $863 (2BR), $1083 (3BR), $1204 (4BR). Actual rent at subsidized properties like Grand Avenue Commons is typically 30% of household income or less.
What size apartments are available at Grand Avenue Commons?+
Grand Avenue Commons offers the following unit types: 29 One-Bedroom, 23 Two-Bedroom units, for a total of 52 units.
What is the price range for apartments in New Castle, IN?+
Based on Fair Market Rent for Henry County, the estimated price range is: 1-bedroom: $682, 2-bedroom: $863. Actual rent at Grand Avenue Commons may be lower for income-eligible households.
How do I apply for housing at Grand Avenue Commons?+
Grand Avenue Commons 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.
Who manages Grand Avenue Commons?+
Grand Avenue Commons is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Grand Avenue Commons?+
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.
What are the income limits for affordable housing in Henry County, IN?+
For a 4-person household in Henry County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,400, Low Income (80% AMI): $53,450. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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