9401 South Stony Island Avenue, Chicago, IL 60617
Waiting List Forecast: Likely Short or None
Verified for 2020 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
This new development will be in the Cal Heights community on the south side of Chicago. Construction will begin Spring of 2019 and occupancy in Spring of 2020.
Montclare Senior Residences of Calumet Heights is a new construction, mixed-income housing development for independent seniors 62 years and older located will be located at 9401 S Stony Island in Chicago. The Project is a single 7-story building with 134 one-and two-bedroom dwelling units. The residential units will be targeted to extremely-low, very-low and low-income households and includes 34 project-based vouchers from the Chicago Housing Authority.
Because Montclare Sr. Residences of Calumet Heights 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
| 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 Montclare Sr. Residences of Calumet Heights have a waiting list?
Montclare Sr. Residences of Calumet Heights 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 Montclare Sr. Residences of Calumet Heights?
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 Montclare Sr. Residences of Calumet Heights?
Montclare Sr. Residences of Calumet Heights is managed by Apartmentsmart Generic headquartered in Salisbury, Maryland.
In addition to Montclare Sr. Residences of Calumet Heights, how many other affordable housing properties (and units) are there in Chicago?
In addition to Montclare Sr. Residences of Calumet Heights, we list 763 other affordable properties in Chicago. Learn about these properties here. Our data research shows that there are a total of 84006 affordable units in Chicago.
2000 W. Diversey Ave., Chicago, Illinois 60647
4500 N Clarendon Ave, Chicago, Illinois 60640
If you're a homeless veteran, contact your VA Medical Center.
You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."