Lathrop Homes

2000 W. Diversey Ave., Chicago, IL 60647

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Lorena Bentley

Rent	Beds	Baths	SqFt
$1,084 - 1,498 per Month^†	Studio - 2 Beds	1 Bath	521 - 780 Sq Ft

Call (773) 676-2222 Email

Waitlist Forecast

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.

Lathrop is a forward-thinking community rooted in a rich cultural past. This revitalized community infuses the historic architecture of the original neighborhood with the modern touches of today's lifestyle. With expansive rolling greens and the river close at hand, Lathrop is an inclusive enclave for all of Chicago amid the bustling North Side.

Dave's Thoughts On Lathrop Homes

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 Lathrop Homes 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

Lathrop Homes Amenities

Playground
On-Site Parking
Dishwasher
Yard
Storage
Refrigerator
Oven and Range
Trash Included
On-Site Recycling
Bicycle Storage
Washer and Dryer Included
Stainless Steel Appliances
High Speed Internet Access
Near Walking and Riding Trail

Units at Lathrop Homes

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	521ft²	$1,084^†
One Bedroom (1/1)	650ft²	$1,299^†
Two Bedroom (2/1)	780ft²	$1,498^†

Income Qualification for Lathrop Homes

*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
30% AMI for PBRA Units	$23,200 / year	$26,500 / year	$29,800 / year	$33,100 / year
50% AMI for LIHTC Units	$38,650 / year	$44,150 / year	$49,650 / year	$55,150 / year
50% AMI for PBRA Units	$38,650 / year	$44,150 / year	$49,650 / year	$55,150 / year
60% AMI for LIHTC Units	$46,380 / year	$52,980 / year	$59,580 / year	$66,180 / year
80% AMI for PBRA Units	$61,800 / year	$70,600 / year	$79,450 / year	$88,250 / year

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

FAQs for Lathrop Homes

Does Lathrop Homes have a waiting list?

Lathrop Homes 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 Lathrop Homes?

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.

What property management company manges Lathrop Homes?

Lathrop Homes is managed by Related Companies headquartered in Irvine, California.

In addition to Lathrop Homes, how many other affordable housing properties (and units) are there in Chicago?

In addition to Lathrop Homes, 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 Lathrop Homes listing last updated?

Lathrop Homes listing on Affordable Housing Online was last updated on 03/08/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.