Wisdom Village Northlake

33 S Wolf Rd, Northlake, IL 60164

Waiting List Forecast: Closed

check_circleVerified for 2019 by Lorena Bentley
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath -
check_circle  Near Elderly (55+)
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Information

Wisdom Village of Northlake, Forest Oaks Senior, Thomas Place, Poplar Creek Village and Carriage Creek, 1 and 2-Bedroom, 55+ Waiting List

Go to the public housing authority page for this waiting list >>

Wisdom Village of Northlake is privately owned and operated.  Residents of this development are required to pay 30% of their income in rent while the HACC subsidizes the remainder. Wisdom Village of Northlake, a new construction of senior housing with one and two bedroom units, applicants MUST be 55 years of age or older and have income that does not exceed 50% of the Area Medium Income (AMI). Preference will be given to applicants who are currently on the HACC’s wait list.

Dave's Thoughts On Wisdom Village Northlake

Because Wisdom Village Northlake participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME 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 and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Wisdom Village Northlake Amenities

  • Off-Street Parking
  • Refrigerator

Units at Wisdom Village Northlake

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Rent is Based On Your Income
2 Bedroom (2/1) - Rent is Based On Your Income

Income Qualification for Wisdom Village Northlake

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
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
60% AMI for LIHTC Units $46,380 / year $52,980 / year $59,580 / year $66,180 / 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.

FAQs for Wisdom Village Northlake

Does Wisdom Village Northlake have a waiting list?

Wisdom Village Northlake has a waiting list. See above for waiting list details.

Are rents subsidized at Wisdom Village Northlake?

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.

In addition to Wisdom Village Northlake, how many other affordable housing properties (and units) are there in Cook County?

In addition to Wisdom Village Northlake, we list 987 other affordable properties in Cook County. Learn about these properties here. Our data research shows that there are a total of 102353 affordable units in Cook County.

Listings Near Wisdom Village Northlake

Donald W. Kent Residence

100 S Wolf Rd, Northlake, Illinois 60164

bed 1
switch_access_shortcut Short Wait
elderly Senior
payment Income Based
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.