Workforce Housing Program
The Workforce Housing Program is an initiative designed to provide an opportunity for middle income households to purchase or rent affordable new construction housing units in New Castle County. This initiative does not use federal, state, or county funding to accomplish the goal of affordable housing for county residents.
You must income qualify based on household size to participate in the program. For income limits, click HERE. Rents and purchase prices are based on Area Median Income (AMI) and other housing costs. Monthly rents can start at $1,200+ for a 1BR apartment to $1,550+ for a 3 BR apartment or house. Purchase prices start at $200k+ for town homes and $300k+ for single family detached.
**PRICES SUBJECT TO CHANGE**
Purchasing a Workforce Housing unit
There are deed restrictions and a buyer’s agreement that impose restrictions on the home in order to ensure continued affordability during the affordability term. Those restrictions and agreements include but are not limited to:
- Restrict the use of the home to owner occupancy during affordability period
- Authorizing annual monitoring for compliance
- Limit future sale prices of the home during affordability period to income eligible, qualified buyers
- Restrict refinancing of the home during affordability period
- Defining default conditions and legal remedies to cure defaults
Because you agree to these restrictions, the builder offers additional incentives for participating in the program. These incentives are only for income qualified households. They vary from builder to builder and from person to person. Contact builder directly for Workforce Housing incentives available.
Housing Counseling is a requirement and must be completed prior to settlement. See list below for approved Housing Counseling agencies.