Arbor Place, Phase III

229 Parma Ave, New Castle, DE 19720

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Dave's Thoughts On Arbor Place, Phase III

Because Arbor Place, Phase III participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Arbor Place, Phase III

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
50% AMI for LIHTC Units	$39,100 / year	$44,650 / year	$50,250 / year	$55,800 / year	$60,300 / year	$64,750 / year	$69,200 / year	$73,700 / year
50% AMI for PBRA Units	$39,100 / year	$44,650 / year	$50,250 / year	$55,800 / year	$60,300 / year	$64,750 / year	$69,200 / year	$73,700 / year
60% AMI for LIHTC Units	$46,920 / year	$53,580 / year	$60,300 / year	$66,960 / year	$72,360 / year	$77,700 / year	$83,040 / year	$88,440 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Arbor Place, Phase III

Does Arbor Place, Phase III have a waiting list?

Arbor Place, Phase III probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Arbor Place, Phase III?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

In addition to Arbor Place, Phase III, how many other affordable housing properties (and units) are there in New Castle?

In addition to Arbor Place, Phase III, we list 17 other affordable properties in New Castle. Learn about these properties here. Our data research shows that there are a total of 461 affordable units in New Castle.

When was the Arbor Place, Phase III listing last updated?

Arbor Place, Phase III listing on Affordable Housing Online was last updated on 01/02/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.