New Castle Townhomes

2218 Castlewood Dr, Worthington, Minnesota 56187

New Castle Townhomes, located at 2218 Castlewood Dr in Worthington, has two, three and four bedroom apartments. New Castle Townhomes participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1.75) 1,334-1,437 From $640 To $770
3 Bedroom (3/1.75) 1,396-1,460 From $730 To $870
4 Bedroom (4/1.7) 1,599-1,620 $800

New Castle Townhomes Details

  • 30 two, three and four bedroom units.
  • Water and Sewer utilities included in rent
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Playground
  • Garage
  • Off-Street Parking
  • On-Site Management
  • Peaceful Community
  • Landscaping
  • Smoke Free
  • Courtyard
  • Open Parking
  • Picnic Area

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Walk-in Closet(s)
  • Spacious Closets
  • Patio, Deck Or Balcony
  • Private Entrance
  • Refrigerator
  • Water Trash and Sewer Included
  • Stove
  • Washer/ Dryer

Nearby Amenities

  • Close to Shopping
  • Near Restaurants

About New Castle Townhomes

         New Castle Townhomes offers a children's playground, rain gardens and native landscaping to its residents. Each home has spacious rooms with a patio leading out to the courtyard. The kitchen includes a frost free refrigerator, electric range and dishwasher. Each unit has a washer and dryer. Each unit has a tornado safe room, for our resident's safety. The building has secured locks and an attached garage entrance. A $25 application fee per adult is due with application. Security deposit of $500 is required before move-in.

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.

Worthington 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 Worthington but actual income limits may differ for units at New Castle Townhomes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,350 $29,000 $32,600 $36,200 $39,100 $42,000 $44,900 $47,800
Low Income (60%) $30,420 $34,800 $39,120 $43,440 $46,920 $50,400 $53,880 $57,360

New Castle Townhomes 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 Castle Townhomes is managed by Lloyd Management.

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