Olympic Village Apartments

31 Olympic Vlg, Chicago Heights, IL 60411

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2019 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
$925 - 1,250 per Month 1 - 3 Beds 1 - 2 Baths 1 - 898 Sq Ft
check_circle  Project-Based Rental Assistance

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Olympic Village you’ll find beautiful maple cabinets, ceramic tile baths and energy efficient appliances to make your life comfortable and oh-so-pleasant. Coin operated laundry facilities. Air conditioning. This property offers a swimming pool, ample off street parking, private clubhouse. You can walk to shopping, dining, entertainment and public transportation.

Dave's Thoughts On Olympic Village Apartments

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your 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. LIHTC properties tend to have shorter waiting lists however, since Olympic Village Apartments has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Olympic Village Apartments Amenities

  • Close to Dining
  • Close to Shopping
  • Walk-in Closet(s)
  • Water Included
  • Close to Entertainment
  • Swimming pool
  • Private Patio and Balcony
  • Heat Included

Units at Olympic Village Apartments

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 689ft2 $925 $950
2 Bedroom (2/1) 898ft2 $1,050
3 Bedroom (3/2) 1ft2 $1,250

Income Qualification for Olympic Village Apartments

*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 5 people 6 people
30% AMI for PBRA Units $23,200 / year $26,500 / year $29,800 / year $33,100 / year $35,750 / year $40,280 / year
50% AMI for LIHTC Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year
50% AMI for PBRA Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year
60% AMI for LIHTC Units $46,380 / year $52,980 / year $59,580 / year $66,180 / year $71,520 / year $76,800 / year
80% AMI for PBRA Units $61,800 / year $70,600 / year $79,450 / year $88,250 / year $95,350 / year $102,400 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Olympic Village Apartments

Does Olympic Village Apartments have a waiting list?

Olympic Village Apartments 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 Olympic Village Apartments?

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 Olympic Village Apartments?

Olympic Village Apartments is managed by Ludwig And Company headquartered in Gurnee, IL.

In addition to Olympic Village Apartments, how many other affordable housing properties (and units) are there in Chicago Heights?

In addition to Olympic Village Apartments, we list 7 other affordable properties in Chicago Heights. Learn about these properties here. Our data research shows that there are a total of 1209 affordable units in Chicago Heights.

Listings Near Olympic Village Apartments

Thornwood Apartments

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Chicago Heights Group Home

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Prairie Green at Dixie Crossing

1040 Dixie Hwy, Chicago Heights, Illinois 60411

bed Studio-1

Golden Towers I & II

1706 East End Ave, Chicago Heights, Illinois 60411

Otto Square Veteran’s Housing

1440 Otto Blvd., Chicago Heights, Illinois 60411

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Sunrise Apartments

329 E 16th St, Chicago Heights, Illinois 60411

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.