Breese, Breese, IL 62230
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
This project has been funded and will begin construction soon.
Funded, Construction starting soon
Diamond Senior Apartments of Breese are an affordable community offering one and two bedroom units. Please contact their management office for more information.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Diamond Senior Apartments of Breese does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath (1/1) | - | Call for Price† |
| Two Bedroom One Bath (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,200 / year | $40,200 / year | $45,250 / year | $50,250 / year |
| 50% AMI for PBRA Units | $35,200 / year | $40,200 / year | $45,250 / year | $50,250 / year |
| 60% AMI for LIHTC Units | $42,240 / year | $48,240 / year | $54,300 / year | $60,300 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Diamond Senior Apartments of Breese have a waiting list?
Diamond Senior Apartments of Breese 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 Diamond Senior Apartments of Breese?
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 Diamond Senior Apartments of Breese, how many other affordable housing properties (and units) are there in Breese?
In addition to Diamond Senior Apartments of Breese, we list 2 other affordable properties in Breese. Learn about these properties here. Our data research shows that there are a total of 64 affordable units in Breese.
When was the Diamond Senior Apartments of Breese listing last updated?
Diamond Senior Apartments of Breese listing on Affordable Housing Online was last updated on 03/07/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
409-411 N 13th Street, Breese, Illinois 62230
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