Valley Ridge Apts LIHTCPB Section 8 New Albany, IN
Profile last updated · Data vintage: HUD FY2025
Valley Ridge Apts is a Project-Based Section 8 community in New Albany, IN with 64 units reporting 97% occupancy. Assisted residents pay about $329/month on average.
64
total units
97%
occupancy
$329
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Project-Based Section 8, Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | 200 Village Dr W, New Albany, IN 47150 Map → |
| Average household income | $14,241/yr |
| Average personal income | $5,247/yr |
| People per unit | 2.7 |
| Moved in within last year | 16% |
| Households below 30% AMI | 84% |
| Households below 50% AMI | 98% |
| One-bedroom share | 17% |
How to apply at Valley Ridge Apts
LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
- Call or visit the management office at 200 Village Dr W, New Albany; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget (~$329/mo average here).
Other subsidized housing in New Albany
- Parkview Public Housing
- Monon Crossing LIHTC
- Hellenic Senior Living of New Albany LIHTC
- Carriage House New Albany PB Section 8
- Prestwick Square Ii LIHTC
- Brookview Glen Apts LIHTC
- Cross Creek at Belleview PB Section 8
- St Edward Court LIHTC
- Olive Grove Townhomes LIHTC
- Prestwick Square of New Albany I LIHTC
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Manor House Apts. PB Section 8 | New Albany | 1.1 km |
| Centerplace Iii §811 | New Albany | 1.1 km |
| 511 E Oak St LIHTC | New Albany | 1.4 km |
| Muir Manor §202 Senior | New Albany | 2 km |
| St. Columba Senior Apartments LIHTC | Louisville | 4.2 km |
| Portland Plaza PB Section 8 | Louisville | 4.2 km |
| Rowan Place Senior Residences LIHTC | Louisville | 4.2 km |
| Louisville Historic Rising 2014 LIHTC | Louisville | 4.2 km |
← All subsidized housing in New Albany
Frequently asked questions
What kind of subsidy does Valley Ridge Apts have?
Project-Based Section 8; Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Valley Ridge Apts?
Residents report average rents near $329/month in HUD administrative data. Under most federal programs you pay roughly 30% of adjusted income — your actual amount depends on household income and unit size.
How do I apply at Valley Ridge Apts?
Contact the management office at 200 Village Dr W in New Albany. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.