Knollwood Retirement Center St Clair

921 Knollwood Village Rd, Caseyville, Illinois 62232

Knollwood Retirement Center St Clair, located at 921 Knollwood Village Rd in Caseyville, has one bedroom apartments. Knollwood Retirement Center St Clair participates in the Low-Income Housing Tax Credit (LIHTC) program.

Contact Knollwood Retirement Center St Clair

Message Knollwood Retirement Center St Clair

Knollwood Retirement Center St Clair is accepting applications and does not have a waiting list.

Last updated on November 5th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 346-692 Income Based

Knollwood Retirement Center St Clair Details

  • 98 one bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Personal 24-hour emergency call system

Unit Amenities

  • Microwave
  • Cable Ready
  • Programmable Thermostats
  • Mini Blinds & Curtain Rods
  • Frost-Free Refrigerator
  • Wall-to-Wall Carpeting

About Knollwood Retirement Center St Clair

The philosophy of Knollwood Management Services drives its decisions and tells a simple but powerful story: To provide everything our residents need to make life easier and worry free. We believe all seniors have earned nothing less than the best we can give them.

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.

Caseyville Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Caseyville but actual income limits may differ for units at Knollwood Retirement Center St Clair.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $28,500 $32,550 $36,600 $40,650 $43,950 $47,200 $50,450 $53,700
Low Income (60%) $34,200 $39,060 $43,920 $48,780 $52,740 $56,640 $60,540 $64,440

Knollwood Retirement Center St Clair was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

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