6438 N SHERIDAN RD, Chicago, IL 60626
Waiting List Forecast: Likely Short or None
Verified for 2021 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,099 - 2,025 per Month† | Studio - 2 Beds | 1 - 2 Baths | 421 - 1,049 Sq Ft |
Since this property is a HOME program property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Project-Based Vouchers
Because The Concord At Sheridan participates in HUD's HOME program for rental housing, at least some of the units in this property are set aside for households at or below 60% of the AMI and rents are capped at the local FMR and in many cases much lower. For a project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME program. Since this property participates in the HOME program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 421ft2 | $1,099† |
| 1 Bedroom A1 (1/1) | 520ft2 | $1,515 $1,545† |
| 1 Bedroom A2 (1/1) | 659ft2 | $1,615 $1,662† |
| 1 Bedroom A3 (1/1) | 694ft2 | $1,618 $1,662† |
| 2 Bedroom B1 (2/2) | 1036ft2 | $1,896 $2,011† |
| 2 Bedroom B2 (2/2) | 1049ft2 | $1,926 $2,025† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $23,200 / year | $26,500 / year | $29,800 / year | $33,100 / year |
| 50% AMI for LIHTC Units | $38,650 / year | $44,150 / year | $49,650 / year | $55,150 / year |
| 50% AMI for PBRA Units | $38,650 / year | $44,150 / year | $49,650 / year | $55,150 / year |
| 80% AMI for PBRA Units | $61,800 / year | $70,600 / year | $79,450 / year | $88,250 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Concord At Sheridan have a waiting list?
The Concord At Sheridan probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at The Concord At Sheridan?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges The Concord At Sheridan?
The Concord At Sheridan is managed by The Habitat Company headquartered in Chicago, Illinois.
In addition to The Concord At Sheridan, how many other affordable housing properties (and units) are there in Chicago?
In addition to The Concord At Sheridan, we list 763 other affordable properties in Chicago. Learn about these properties here. Our data research shows that there are a total of 83842 affordable units in Chicago.
4500 N Clarendon Ave, Chicago, Illinois 60640
Do you have little or no income?
You can qualify for most rental assistance programs, including Section 8 and Public Housing, even if you have little or no income.Jenn Rebecca Jones says:
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