Norwalk, Ohio · Huron County
Parkside Place
Parkside Place is a low-income housing tax credit (Section 42) property at 408 Old State Rd S, Norwalk, OH 44857 with 40 income-restricted apartments out of 40, placed in service in 1988. In 2026 a household of four qualifies for a 60% unit here with income up to $52,620, and a 60% two-bedroom can charge at most $1,185 a month in gross rent.
Equal housing opportunity. Fair Housing Act protections apply, and tax credit properties can't turn down a Housing Choice voucher. Report discrimination to HUD at 1‑800‑669‑9777. LIHTC Atlas doesn't own, manage or rent these apartments.
Full fair housing notice
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 Listings come from HUD's database and may be out of date.
Property facts
- Address
- 408 Old State Rd S, Norwalk, OH 44857 (map)
- County
- Huron County
- Apartments
- 40
- Income-restricted apartments
- 40
- Placed in service
- 1988
- Credits allocated
- 1988
- Construction
- New construction
- Credit type
- 4% (30% present value credit)
- Nonprofit sponsor
- No
- Census tract (2020)
- 39077915600
- HUD project ID
- OHA19880425
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024), as the state allocating agency reported it. HUD lists the property as still monitored for compliance. Contact the property's management for current rents, availability and income rules.
2026 income limits and rents in Huron County
To rent an income-restricted apartment here in 2026, a household's income has to be at or under the unit's limit: $36,840 for one person or $52,620 for four at 60% of area median, $30,700 or $43,850 at 50%. HUD's FY2026 median family income for the area (Huron County, OH) is $87,400.
Income limits by household size, 2026
| Level | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI | $30,700 | $35,100 | $39,500 | $43,850 |
| 60% AMI | $36,840 | $42,120 | $47,400 | $52,620 |
Maximum gross monthly rent by unit size, 2026
| Level | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| 50% AMI | $767 | $822 | $987 | $1,140 | $1,272 |
| 60% AMI | $921 | $987 | $1,185 | $1,368 | $1,527 |
Source: HUD FY2026 MTSP income limits (files dated March 27, 2026). Rents are ceilings, gross of the utility allowance for tenant-paid utilities, computed by the IRS Publication 5913 method (30% of the limit for 1 person in a studio or 1.5 people per bedroom, over 12, rounded down); the rent the property charges can be lower. A project's limits can't fall below those of earlier years (IRC 142(d)(2)(E)), so a property already in service may use higher figures. All 2026 limits for Huron County, every level from 20% to 80%.
How long the units stay affordable
15-year compliance period: 1988 to about 2002. It starts with the first year of the credit period, which is the year the building was placed in service or, if the owner elects, the next year, so it can run a year later, through 2003 (IRC 42(f)(1), 42(i)(1)). It has ended.
Extended use: HUD dates this property's allocation to 1988. Credits allocated before 1990 came without the federal extended use requirement, which began with allocations after 1989; any longer restriction would come from the state agency or other financing.
QCT and DDA status
Its 2020 census tract, 39077915600, is not a Qualified Census Tract on HUD's 2027 list. Huron County is not a 2027 nonmetropolitan Difficult Development Area.
For the year it was placed in service, HUD's record puts the property not in a Qualified Census Tract, on that year's tract boundaries.
The 2027 lists (HUD, Federal Register Doc. 2026-20390) govern allocations made after 2026, such as a resyndication; the property's original basis boost depended on the lists in force when it received credits. A ZIP code and its ZCTA usually match but not always. Check an exact address with the QCT and DDA lookup.
Other tax credit properties in Norwalk
- Maple Grove Manor190 Benedict Ave · 20 restricted units
- Homestead Villa II41 E Washington St · 24 restricted units
- Norwalk North Apartments29 Bouscay Ave · 72 restricted units
- Homestead Estates Apartments55 NW St · 20 restricted units
- Bennett Pointe II1 Bennett Lane · 60 restricted units
- Norwalk Senior Community II11 Bennett Ln · 60 restricted units
All 7 properties in Norwalk. Nearby cities: Lorain (13), Elyria (10), Tiffin (10), Ashland (5), Mansfield (13), Galion (5).
How tax credit apartments work
Rent in an income-restricted unit is capped by the unit's size, not set by your income, and you qualify if your household earns at or under the unit's limit, usually 50% or 60% of the area median. You can apply with a Housing Choice voucher. How to qualify, step by step.