501 Interstate Dr, Champaign, IL 61822
Waiting List Forecast: Closed
Verified for 2022 by Connor Bailey, Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | - |
Haven Court Waiting List
The Housing Authority of Champaign County (HACC) last accepted Near-Elderly (55+) Section 8 Project-Based Voucher waiting list applications for apartments at Haven Court since at least September, 2020, until the earliest confirmed close date of July 17, 2023. There is no notice when this waiting list will reopen.
To apply during the opening period, applicants were required to complete the online application.
Preferences have not been confirmed.
It was not known how applicants were placed on the waiting list.
For more information, visit the HACC website.
Sources: This information was verified by the HACC application portal on July 17, 2023.
Go to the public housing authority page for this waiting list >>
This project consists of 98 age-restricted units in a 3-story building serving individuals age 55 and older. A second building includes 24 one-story apartments for individuals with special needs. The Haven is a RAD transfer of assistance property and provides Project-Based Vouchers for all units. The project is being financed with Tax-Exempt Private Activity Bonds, Low-Income Housing Tax Credit equity, and private mortgage proceeds. All units are income-restricted by tax credit requirements.
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 The Haven at Market Place 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 (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year |
| 50% AMI for PBRA Units | $33,850 / year | $38,700 / year | $43,550 / year | $48,350 / year |
| 60% AMI for LIHTC Units | $40,620 / year | $46,440 / year | $52,260 / year | $58,020 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Haven at Market Place have a waiting list?
The Haven at Market Place has a waiting list. See above for waiting list details.
Are rents subsidized at The Haven at Market Place?
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 The Haven at Market Place, how many other affordable housing properties (and units) are there in Champaign?
In addition to The Haven at Market Place, we list 34 other affordable properties in Champaign. Learn about these properties here. Our data research shows that there are a total of 1146 affordable units in Champaign.
2413 N. Neil Street, Champaign, Illinois 61820
2000 W John Street, Champaign, Illinois 61820
2403-2503 W Springfield Ave, Champaign, Illinois 61821
Applying for housing with bad credit.
Some housing assistance programs require a credit check, including Low-Income Housing Tax Credit apartments. Having bad credit may make you ineligible.Linda Vallare Johnson says:
"Affordable Housing Online is an awesome tool in locating affordable housing."