The Woods

3010 E Mound Rd, Decatur, IL 62526

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2024 by Connor Bailey

Rent	Beds	Baths	SqFt
$557 per Month^†	1 Bed	1 Bath	575 Sq Ft

Call (217) 877-2600 Email

Waitlist Forecast

Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.

The Woods Senior Residences has it all: functional apartments, a quiet residential setting and rent payment assistance for residents. Your one bedroom, one bath apartment features an efficient kitchen, living/dining room, carpeting/tile, air conditioner, and is cable TV and Internet ready. A community room with both dining and TV lounge areas will add a great way to socialize with your neighbors, family and friends. A laundry facility is in the building. In addition, a walking trail circles the site. Our on-site staff includes management, maintenance and a social worker.

Dave's Thoughts On The Woods

Since The Woods participates in the Section 8 Project-Based Rental Assistance program, your rent would be subsidized. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the Section 8 Project Based Rental Assistance program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.

~ Dave Layfield, Founder of Affordable Housing Online

The Woods Amenities

Elevator
Organized Activities
Close to Public Transportation
Near Hospital
Near Park
Garbage Disposal
Cable Ready

Units at The Woods

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	575ft²	$557^†
Accessible (1/1)	575ft²	$557^†

Income Qualification for The Woods

*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	5 people	6 people	7 people	8 people
30% AMI for PBRA Units	$17,100 / year	$19,720 / year	$24,860 / year	$30,000 / year	$35,140 / year	$40,280 / year	$45,420 / year	$50,560 / year
50% AMI for LIHTC Units	$28,500 / year	$32,550 / year	$36,600 / year	$40,650 / year	$43,950 / year	$47,200 / year	$50,450 / year	$53,700 / year
50% AMI for PBRA Units	$28,500 / year	$32,550 / year	$36,600 / year	$40,650 / year	$43,950 / year	$47,200 / year	$50,450 / year	$53,700 / year
80% AMI for PBRA Units	$45,550 / year	$52,050 / year	$58,550 / year	$65,050 / year	$70,300 / year	$75,500 / year	$80,700 / year	$85,900 / year

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

FAQs for The Woods

Does The Woods have a waiting list?

The Woods probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at The Woods?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges The Woods?

The Woods is managed by Related Companies headquartered in Irvine, California.

In addition to The Woods, how many other affordable housing properties (and units) are there in Decatur?

In addition to The Woods, we list 39 other affordable properties in Decatur. Learn about these properties here. Our data research shows that there are a total of 2212 affordable units in Decatur.

When was the The Woods listing last updated?

The Woods listing on Affordable Housing Online was last updated on 02/22/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.