317 Fosters Way, New Castle, IN 47362
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 4 Beds | 1 - 2.5 Baths | 706 - 1,430 Sq Ft |
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.
Tucked away in the beautiful landscape of East Central Indiana, Fosters Landing is a great display of true country living. Surrounded by farmland, Fosters Landing is surprisingly just minutes away from downtown New Castle. From the expansive grounds to the quality and comfort of every corner, you will be assured to find satisfaction when you make your home at Fosters Landing. Discover affordable housing with top-notch quality and convenience.
This community is proudly owned by Buckingham Foundation. We focus on creating positive change in the areas of affordable housing, community development, childhood hunger and the arts. One hundred percent of the revenue generated from Buckingham Foundation is inserted back into the surrounding neighborhood through charitable grants to over 200 non-profit organizations.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Fosters Landing Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC 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) | 706ft2 | Call for Price† |
| 2 Bedroom (2/1.5) | 1028ft2 | Call for Price† |
| 2 Bedroom (2/2) | 882ft2 | Call for Price† |
| 3 Bedroom (3/2.5) | 1308ft2 | Call for Price† |
| 4 Bedroom (4/2.5) | 1430ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,650 / year | $31,600 / year | $35,550 / year | $39,450 / year | $42,650 / year | $45,800 / year | $48,950 / year | $52,100 / year |
| 50% AMI for PBRA Units | $27,650 / year | $31,600 / year | $35,550 / year | $39,450 / year | $42,650 / year | $45,800 / year | $48,950 / year | $52,100 / year |
| 60% AMI for LIHTC Units | $33,180 / year | $37,920 / year | $42,660 / year | $47,340 / year | $51,180 / year | $54,960 / year | $58,740 / year | $62,520 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Fosters Landing Apartments have a waiting list?
Fosters Landing Apartments 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 Fosters Landing Apartments?
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 Fosters Landing Apartments?
Fosters Landing Apartments is managed by Buckingham Companies headquartered in Indianapolis, Indiana.
In addition to Fosters Landing Apartments, how many other affordable housing properties (and units) are there in New Castle?
In addition to Fosters Landing Apartments, we list 9 other affordable properties in New Castle. Learn about these properties here. Our data research shows that there are a total of 651 affordable units in New Castle.
When was the Fosters Landing Apartments listing last updated?
Fosters Landing Apartments listing on Affordable Housing Online was last updated on 02/23/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Housing options for families with immigrants.
If the head of household is a citizen or eligible immigrant, you can still qualify for HUD programs with a citizenship requirement.Connie Bonds Pittmon says:
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