About This Property
Prestwick Square of New Albany II offers 20 two-bedroom units designated as low-income housing in New Albany, Indiana. The property has been in service since 1993 and is located in Floyd County. All 20 units at this community are designated for low-income households.
Waitlist Information
Waitlist managed by Housing Authority of the City of New Albany
Priority is given to families, individuals 62 or older, or individuals with disabilities, who are low-income US citizens or eligible immigrants residing in Floyd County; eligibility includes landlord reference review, no debt to local electric company or any PHA/Section 8 program, and a criminal history check for 2, 3, and 4-bedroom units at Broadmeade Terrace, Crystal Court, Parkview Terrace, Shoreline Villas, Valley View, and Beechwood Court.
The Housing Choice Voucher (Section 8) waiting list is currently closed until further notice.
Waitlist data provided by section8waitlist.org
Updated September 5, 2026
Property Details
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.
- Extremely Low (30%)
- $16,150
- Very Low (50%)
- $26,950
- Low (80%)
- $43,050
- Extremely Low (30%)
- $18,450
- Very Low (50%)
- $30,800
- Low (80%)
- $49,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,650
- Low (80%)
- $55,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,450
- Low (80%)
- $61,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,550
- Low (80%)
- $66,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,650
- Low (80%)
- $71,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,700
- Low (80%)
- $76,300
- 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 |
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Tax Credit Program Details
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 Prestwick Square of New Albany Ii is typically 30% of household income or less.
What size apartments are available at Prestwick Square of New Albany Ii?+
Prestwick Square of New Albany Ii offers the following unit types: 20 Two-Bedroom units, for a total of 20 units.
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.
Is there a waitlist for Prestwick Square of New Albany Ii?+
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.
How do I apply for housing at Prestwick Square of New Albany Ii?+
Prestwick Square of New Albany Ii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
What is the price range for apartments in New Albany, IN?+
Based on Fair Market Rent for Floyd County, the estimated price range is: 2-bedroom: $1301. Actual rent at Prestwick Square of New Albany Ii may be lower for income-eligible households.
Who manages Prestwick Square of New Albany Ii?+
Prestwick Square of New Albany Ii is managed by . You can reach them at .
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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