113 Parma Ave, New Castle, DE 19720
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
Since this property is a HOME program 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.
Arbor Place I, fully renovated in 2008, offers the finest in affordable housing. A state of the art renovation features updated exteriors with new siding and stone facade, beautifully landscaped grounds, all new exterior doors and energy efficient windows. The interiors boast new kitchens, bathrooms and flooring. The attractive landscaping and building design along with spacious three story townhomes makes Arbor Place I a community you will be delighted to call home.
Arbor Place I, located in New Castle, DE, is within walking distance of a DART bus route and is just minutes from I-95, I-495 & I-295. It is the ideal location for a trouble-free commute. The community is also convenient to local shopping, schools, churches, restaurants, grocery stores, daycare centers and more.
Because Arbor Place I participates in HUD's HOME program for rental housing, at least some of the units in this property are set aside for households at or below 60% of the AMI and rents are capped at the local FMR and in many cases much lower. For a project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME program. Since this property participates in the HOME program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Rent is Based On Your Income† |
| 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.
Does Arbor Place I have a waiting list?
Arbor Place I 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 I?
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.
What property management company manges Arbor Place I?
Arbor Place I is managed by Fairville Management Company headquartered in Hockessin , Delaware.
In addition to Arbor Place I, how many other affordable housing properties (and units) are there in New Castle?
In addition to Arbor Place I, we list 8 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.
431 Old Forge Road, New Castle, Delaware 19720
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