1501 W Melrose St, Chicago, IL 60657
Waiting List Forecast: Likely Short or None
Verified for 2023 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 1 Bed | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.
Saint Luke Renaissance – Greenview Place sits as the crown jewel in the Lakeview Senior Campus and is bringing new choices to Chicago’s elder population. With thoughtful, beautiful design, amenities and finishes, Greenview Place gives our elders the option to stay in their neighborhood and enjoy living where hospitality isn’t just a word—it’s a philosophy and a way of doing business. Renaissance has been creating senior housing neighborhoods for more than a decade, bringing years of experience in developing communities where people want to live, enjoy life and be happy.
Seniors at all income levels can enjoy semi-independent living here at Greenview, without worry that the costs will break the bank. Our market units are at an affordable rate, offering lovely studio and one bedroom units. The supportive living program allows those seniors on limited incomes to choose Greenview, and still receive assistance with activities of daily living. These personal services are paid through a State of Illinois program; ask our Marketing Director for details.
We've partnered with Saint Luke Housing Ministries (SLHM) and Lutheran Life Communities (LLC) to bring supportive living to Lakeview. SLHM and its partner the Evangelical Church of Saint Luke have been in Lakeview since 1874, a solid and enduring presence deeply vested in the neighborhood. LLC is a recognized industry leader in its mission to provide vibrant, grace-filled living to seniors since the 19th century.
managed by The Renaissance Companies
Because Greenview Place participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | - | Call for Price† |
| One Bedroom (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $38,650 / year | $44,150 / year | $49,650 / year | $55,150 / year | $59,600 / year | $64,000 / year | $68,400 / year | $72,800 / year |
| 50% AMI for PBRA Units | $38,650 / year | $44,150 / year | $49,650 / year | $55,150 / year | $59,600 / year | $64,000 / year | $68,400 / year | $72,800 / year |
| 60% AMI for LIHTC Units | $46,380 / year | $52,980 / year | $59,580 / year | $66,180 / year | $71,520 / year | $76,800 / year | $82,080 / year | $87,360 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Greenview Place have a waiting list?
Greenview Place 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 Greenview 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 Greenview Place, how many other affordable housing properties (and units) are there in Chicago?
In addition to Greenview Place, we list 826 other affordable properties in Chicago. Learn about these properties here. Our data research shows that there are a total of 83861 affordable units in Chicago.
When was the Greenview Place listing last updated?
Greenview Place listing on Affordable Housing Online was last updated on 01/03/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
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