Bethel Terrace

900 W 63rd Pkwy, Chicago, Illinois 60621

Affordable housing community offering studio and one (1) bedroom units.

Contact Bethel Terrace

Message Bethel Terrace

Waiting List is Open Now

The Bethel Terrace waiting list is open until further notice.

Last updated on October 22nd, 2019

Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) 500 Call for Price
1 Bedroom (1/1) 650 Call for Price

Bethel Terrace Details

  • 123 studio and 1 bedroom units.
  • Section 202 Supportive Housing for the Elderly
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 8 Project-Based Voucher (PBV)
  • Supportive Housing for Elderly/Disabled

Property Amenities

  • Off-Street Parking

Unit Amenities

  • Air Conditioning

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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.

Supportive Housing for Elderly/Disabled

Since this property was built or renovated using funding from HUD's Section 202 or 811 programs, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member either disabled or 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Chicago HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Chicago but actual income limits may differ for units at Bethel Terrace.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $21,900 $25,000 $28,150 $31,250 $33,750 $37,190 $41,910 $46,630
50% $36,500 $41,700 $46,900 $52,100 $56,300 $60,450 $64,650 $68,800
80% $58,350 $66,700 $75,050 $83,350 $90,050 $96,700 $103,400 $110,050

Bethel Terrace is managed by Evergreen Real Estate Group.

Image of Bethel Terrace
Image of Bethel Terrace

Nearby Low Income Apartment Communities

Dr Lucy Lang Chappell Housing

3222 W Maypole Ave
Chicago, Illinois
Call For Rent
1-3 BR
Subsidized
Accessible

Northpoint Apartments

7717 North Paulina
Chicago, Illinois
Income Based
1-4 BR
Subsidized

Cabrini Rowhouses

900 N Hudson Ave
Chicago, Illinois
Call For Rent
1-3 BR

Beth-Anne Extended Living

1143 N LaVergne Ave
Chicago, Illinois
Income Based
Studio-1 BR
Subsidized
Elderly Supportive Housing