Indiana

Tax credit apartments in New Castle, IN

HUD's database lists 7 properties in New Castle built or rehabbed with low-income housing tax credits: 428 apartments, 419 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.

Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.

LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.

Autumn Oaks Apts

100 Autumn Oaks Blvd, New Castle, IN 47362

16 1BR, 32 2BR, 24 3BR

Apartments
72
Income-restricted
68
Placed in service
2000

Foster's Landing Apts

317 Fosters Way, New Castle, IN 47362

12 1BR, 48 2BR, 16 3BR, 14 4BR

Apartments
90
Income-restricted
85
Placed in service
2002

Grand Avenue Commons

1628 A Ave, New Castle, IN 47362

28 1BR, 24 2BR

Apartments
52
Income-restricted
52
Placed in service
2005

Historic Jennings Apts

1331 Broad St, New Castle, IN 47362

Apartments
20
Income-restricted
20
Placed in service
2015

Rose Court Apts

720 S 14th St, New Castle, IN 47362

8 1BR, 6 2BR, 6 3BR

Apartments
20
Income-restricted
20
Placed in service
1998

Stonegate Village Apts

3302 Stonegate Dr, New Castle, IN 47362

16 1BR, 66 2BR, 40 3BR

Apartments
122
Income-restricted
122
Placed in service
2010

Willow Glen Apts

2800 S Main St, New Castle, IN 47362

HUD lists it as senior housing · 51 1BR

Apartments
52
Income-restricted
52
Placed in service
2011

Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.

How tax credit apartments work

Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.

To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.

You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.