Low Income (LIHTC)Waitlist Open

821-23 W Market

821 W Market St, New Albany, IN, 47150

Information verified November 4, 2026·We re-check waiting list status daily

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About This Property

This two-unit building in New Albany contains low-income housing with both units configured as four-bedroom apartments. The property has been in service since 1989 and operates as affordable housing for eligible residents. Please contact the property manager for current availability and application information.

Waitlist Information

Waitlist managed by Housing Authority of the City of New Albany

Public Housing Waitlist

Open

Opened June 5, 2026

Apply: Multiple

The Public Housing waitlist is open, with a general opening on June 5, 2026. Specifically, the waitlist for one-bedroom units at Mark Elrod Tower reopened on August 26, 2026. General preferences include low-income families, individuals 62 or older or with disabilities, and US citizens or eligible immigrants residing in Floyd County. Applicants for Mark Elrod Tower who are 60 years or older may receive preference points. Applications are accepted Monday-Thursday from 8:30 AM to 11:00 AM at 300 Erni Avenue, and applications can also be downloaded online.

Last verified October 5, 2026

Section 8 (HCV) Waitlist

Closed

The Section 8 (Housing Choice Voucher) waiting list for the Housing Authority of the City of New Albany, IN, is currently closed until further notice.

Last verified February 6, 2026

Waitlist data provided by section8waitlist.org

Updated November 4, 2026

Property Details

Total Units

4 Bedroom

Fair Market Rent - Floyd County, IN

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

Bedrooms	FMR
Studio/Efficiency	$976
1 Bedroom	$1,077
2 Bedroom	$1,301
3 Bedroom	$1,701
4 Bedroom	$1,955

Income Limits - Floyd County, IN

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $16,150
Very Low (50%): $26,950
Low (80%): $43,050

2 Persons

Extremely Low (30%): $18,450
Very Low (50%): $30,800
Low (80%): $49,200

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $34,650
Low (80%): $55,350

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $38,450
Low (80%): $61,500

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $41,550
Low (80%): $66,450

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $44,650
Low (80%): $71,350

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $47,700
Low (80%): $76,300

8 Persons

Extremely Low (30%): $44,660
Very Low (50%): $50,800
Low (80%): $81,200

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$16,150	$26,950	$43,050
2 Persons	$18,450	$30,800	$49,200
3 Persons	$21,960	$34,650	$55,350
4 Persons	$26,500	$38,450	$61,500
5 Persons	$31,040	$41,550	$66,450
6 Persons	$35,580	$44,650	$71,350
7 Persons	$40,120	$47,700	$76,300
8 Persons	$44,660	$50,800	$81,200

Tax Credit Program Details

Year Placed in Service

1989

Low-Income Units

2 / 2

Frequently Asked Questions

What is the average rent for affordable housing in New Albany, IN?+

The Fair Market Rent (FMR) for Floyd County, IN is: $976 (Studio), $1077 (1BR), $1301 (2BR), $1701 (3BR), $1955 (4BR). Actual rent at subsidized properties like 821-23 W Market is typically 30% of household income or less.

What size apartments are available at 821-23 W Market?+

821-23 W Market offers the following unit types: 2 Four-Bedroom units, for a total of 2 units.

Who manages 821-23 W Market?+

821-23 W Market is managed by . You can reach them at . Visit their website for more information.

Is there a waitlist for 821-23 W Market?+

Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

What are the income limits for affordable housing in Floyd County, IN?+

For a 4-person household in Floyd County, IN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,450, Low Income (80% AMI): $61,500. These limits are set by HUD and updated annually.

How do I apply for housing at 821-23 W Market?+

821-23 W Market is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

Begin Application Now