The Residences Of Crystal Lake

355 Station Drive, Crystal Lake, IL 60014

Waiting List Forecast: Closed

check_circleVerified for 2019 by Connor Bailey, Lorena Bentley, Joshua Cappell

Rent	Beds	Baths	SqFt
$820 - 985 per Month^†	1 - 2 Beds	1 Bath	500 - 700 Sq Ft

This property is currently under construction.

This property is expected to be completed and ready for leasing in March of 2020.

Waitlist Information

Residences of Crystal Lake, Near Elderly Waiting List

The McHenry County Housing Authority (MCHA) last accepted Near Elderly Section 8 Project-Based Voucher waiting list for 1-Bedroom apartments at Residences of Crystal Lake since at least February 2021, until August 1, 2022. There is no notice of when this waiting list will reopen.

To apply while the waiting list was open, applicants were required to print the paper application.

This waiting list had the following preferences:

Applicants referred to the landlord through the Statewide Referral Network (SRN), individual and applicant families that contain a veteran, or individual and applicant families that contain a person 62 years of age or older that is homeless and working with a McHenry County Continuum of Care homeless provider.

Selected applicants were placed on the waiting list by date and time the application is received.

For more information, visit the MCHA website.

Sources: This information was verified by the MCHA on January 30, 2024.

Go to the public housing authority page for this waiting list >>

Residences at Crystal Lake is an affordable senior living community offering one and two bedroom units along with a selection of amenities. For more information, please contact their management office.

Dave's Thoughts On The Residences Of Crystal Lake

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests The Residences Of Crystal Lake does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

The Residences Of Crystal Lake Amenities

Elevator
Fitness Center
Community Room
Library
Laundry Room
Off-Street Parking
Handicapped Accessible
Refrigerator
Energy Star Appliances
Stove
Game Room

Units at The Residences Of Crystal Lake

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	500ft²	$820^†
2 Bedroom (2/1)	700ft²	$985^†

Income Qualification for The Residences Of Crystal Lake

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people
50% AMI for LIHTC Units	$38,650 / year	$44,150 / year	$49,650 / year	$55,150 / year
50% AMI for PBRA Units	$38,650 / year	$44,150 / year	$49,650 / year	$55,150 / year
60% AMI for LIHTC Units	$46,380 / year	$52,980 / year	$59,580 / year	$66,180 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for The Residences Of Crystal Lake

Does The Residences Of Crystal Lake have a waiting list?

The Residences Of Crystal Lake has a waiting list. See above for waiting list details.

Are rents subsidized at The Residences Of Crystal Lake?

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 The Residences Of Crystal Lake?

The Residences Of Crystal Lake is managed by Ludwig And Company headquartered in Gurnee, IL.

In addition to The Residences Of Crystal Lake, how many other affordable housing properties (and units) are there in Crystal Lake?

In addition to The Residences Of Crystal Lake, we list 8 other affordable properties in Crystal Lake. Learn about these properties here. Our data research shows that there are a total of 256 affordable units in Crystal Lake.

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