Lathrop Homes, located at 2000 West Diversey Avenue in Chicago, has studio, one and two bedroom apartments. Lathrop Homes participates in the Low-Income Housing Tax Credit (LIHTC) and Public Housing programs.
|Studio (Studio/1)||521-612||From $1,250 To $1,500|
|One Bedroom (1/1)||650-820||From $1,795 To $1,905|
|Two Bedroom (2/1)||780-980||From $2,395 To $2,525|
Amid the neighborhoods of Chicago’s North Side, rises a revitalized community rooted in a rich cultural past. Where the history of original 1938 architecture is infused with the modern touches of today’s lifestyle. Where expansive rolling greens with the river next door are enhanced by thoughtful amenities designed for people from all walks of life.
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.
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
Lathrop Homes is managed by Chicago Housing Authority.