This community has 95 units comprised of 56 one bedroom and 39 two bedroom apartments. Residents enjoy continental breakfast Monday-Friday in our elegantly appointed dining room. Many residents take advantage of the exercise room, business area and outdoor patio area to mingle or spend time with friends and family. Call for details and a tour.
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
The Lake County Housing Authority manages several funded programs including public housing, HCV (Housing Choice Vouchers), previously Section 8 Housing Choice Vouchers funded by the federal Department of Housing and Urban Development (HUD), and subsidized affordable housing units for rental assistance.
Offers affordable apartments for income-eligible seniors. Eligibility: Open to seniors ages 62 and up with low income; annual income must not exceed $31,200 for a single person nor $35,650 for two persons.