109 W Market St, Bloomington, IL 61701
Waiting List Forecast: Likely Long or Closed
Verified for 2023 by Christine Blackburn, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
The Downtowner is nestled into the heart of downtown Bloomington, just four blocks from Mid-Northern’s Lincoln Towers. Transformed from an existing office building in the late 1970s, the Downtowner provides one-bedroom and two-bedroom units for those aged 62 or older, disabled or handicapped persons. Apartment features include a refrigerator, stove and window coverings. Residents pay for electric and a fee for Comcast cable that is payable with monthly rent. The community offers outstanding management & maintenance services and conveniences & amenities that make life easier - including secure entry, elevators, on-site laundry, and community room for resident events. They are conveniently located on the bus line, near restaurants, shopping, financial institutions.
This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means The Downtowner is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.
~ Dave Layfield, Founder of Affordable Housing Online
| 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† |
| 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 Downtowner have a waiting list?
The Downtowner probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at The Downtowner?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges The Downtowner?
The Downtowner is managed by Mid-Northern Management, Inc. headquartered in Rockford, IL.
In addition to The Downtowner, how many other affordable housing properties (and units) are there in Bloomington?
In addition to The Downtowner, we list 36 other affordable properties in Bloomington. Learn about these properties here. Our data research shows that there are a total of 1839 affordable units in Bloomington.
When was the The Downtowner listing last updated?
The Downtowner listing on Affordable Housing Online was last updated on 04/19/2023 by Christine Blackburn. Remember, a property's status can change so you should contact the property to confirm.
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Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Luann McCarthy says:
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