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.

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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.

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