Sangamon Terrace

6145 S Sangamon Street, Chicago, Illinois 60621

Affordable housing community for seniors. Call for additional details.

Contact Sangamon Terrace

Message Sangamon Terrace

Waiting List is Open Now

The Sangamon Terrace Apartments waiting list is currently open until further notice.

Last updated on October 23rd, 2019

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price

Sangamon Terrace Details

  • 24 1 bedroom units.
  • Section 202 Supportive Housing for the Elderly
  • Low-Income Housing Tax Credit (LIHTC)

Unit Amenities

  • Refrigerator

Nearby Amenities

  • Close to Dining
  • Close to Shopping
  • Near Grocery

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.

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.

Chicago HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Chicago but actual income limits may differ for units at Sangamon Terrace.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $21,900 $25,000 $28,150 $31,250 $33,750 $37,190 $41,910 $46,630
50% $36,500 $41,700 $46,900 $52,100 $56,300 $60,450 $64,650 $68,800
80% $58,350 $66,700 $75,050 $83,350 $90,050 $96,700 $103,400 $110,050

Sangamon Terrace is managed by Evergreen Real Estate Group.

Image of Sangamon Terrace
Image of Sangamon Terrace

Nearby Low Income Apartment Communities

Martin Luther King Jr. Plaza Apartments

3220 W Madison St
Chicago, Illinois
Call For Rent
2-4 BR

Beth-Anne Extended Living

1143 N LaVergne Ave
Chicago, Illinois
Income Based
Studio-1 BR
Subsidized
Elderly Supportive Housing

Bethel Pace Center

4349 W Washington Blvd
Chicago, Illinois
Call For Rent
Studio-1 BR
Subsidized
Elderly Supportive Housing

Beth-Anne Residences

4952 W Thomas St
Chicago, Illinois
Call For Rent
Studio-1 BR
Subsidized
Elderly Supportive Housing