New Hope Housing II

S New St & S Queen St, Dover, Delaware 19904

New Hope Housing II, located at S New St & S Queen St in Dover, has one and two bedroom apartments. New Hope Housing II participates in the Low-Income Housing Tax Credit (LIHTC) program.

Contact New Hope Housing II

Message New Hope Housing II

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - From $360 To $470
2 Bedroom (2/1) - From $415 To $550

New Hope Housing II Details

  • 18 one and two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • On-site Laundry

Unit Amenities

  • Air Conditioning
  • Water Included
  • Wall-to-Wall Carpeting

About New Hope Housing II

Eighteen garden-style apartments, including 14 two bedroom apartments, and 4 one bedroom apartments

Apartments are based on availability, and, in some cases, program restrictions apply.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Dover Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Dover but actual income limits may differ for units at New Hope Housing II.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $23,450 $26,800 $30,150 $33,450 $36,150 $38,850 $41,500 $44,200
Low Income (60%) $28,140 $32,160 $36,180 $40,140 $43,380 $46,620 $49,800 $53,040

New Hope Housing II was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

New Hope Housing II is managed by Columbus Property Management.