Roseland Place Senior Apartments
10426 S Michigan Ave, Chicago, Illinois 60628
The Roseland Place Apartments is an independent senior living facility. This community offers 1 bedroom apartments. This community also has Chicago Satellite Senior Center featuring supportive services, multiple fitness areas, computer lab, meal programs and other amenities.
Units
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price |
Roseland Place Senior Apartments Details
- 60 one bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- Section 202 Supportive Housing for the Elderly
Property Amenities
- Computer Lab
- Community Room
- Barber Shop and Beauty Salon
- Courtyard
- On-Site Laundry
Unit Amenities
- Patio, Deck Or Balcony
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.
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.
Chicago Low-Income Housing Tax Credit Income Limits
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Chicago but actual income limits may differ for units at Roseland Place Senior Apartments .
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $36,500 | $41,700 | $46,900 | $52,100 | $56,300 | $60,450 | $64,650 | $68,800 |
| Low Income (60%) | $43,800 | $50,040 | $56,280 | $62,520 | $67,560 | $72,540 | $77,580 | $82,560 |
Roseland Place Senior Apartments is managed by Mercy Housing.
Nearby Low Income Apartment Communities
Beth-Anne Extended Living
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