1212 Larkin Ave., Elgin, IL 60123
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 3 Beds | 1 - 2 Baths | 412 - 786 Sq Ft |
This property is currently under construction.
1212 Larkin is a proposed integrated permanent supportive housing project in Elgin, Illinois. The proposed development will consist of 48 units in 12 new-construction, multifamily apartment buildings, and the preservation and historic reuse of the former Larkin Center. It is targeted to serve populations with special needs, and working families, reaching a broad range of Elgin renters in need of affordable housing.
Because 1212 Larkin participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/1) | 412ft2 | Call for Price† |
| One Bedroom (1/1) | 596ft2 | Call for Price† |
| Two Bedroom (2/1) | 786ft2 | Call for Price† |
| Three Bedroom (3/2) | 570ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $38,650 / year | $44,150 / year | $49,650 / year | $55,150 / year | $59,600 / year | $64,000 / year |
| 50% AMI for PBRA Units | $38,650 / year | $44,150 / year | $49,650 / year | $55,150 / year | $59,600 / year | $64,000 / year |
| 60% AMI for LIHTC Units | $46,380 / year | $52,980 / year | $59,580 / year | $66,180 / year | $71,520 / year | $76,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 1212 Larkin have a waiting list?
1212 Larkin probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at 1212 Larkin?
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 1212 Larkin?
1212 Larkin is managed by Full Circle Communities Inc. headquartered in Chicago, Illinois.
In addition to 1212 Larkin, how many other affordable housing properties (and units) are there in Elgin?
In addition to 1212 Larkin, we list 15 other affordable properties in Elgin. Learn about these properties here. Our data research shows that there are a total of 1234 affordable units in Elgin.
104 South State Street, Elgin, Illinois 60123
1285 Fleetwood Dr, Elgin, Illinois 60123
765 Fletcher Dr, Elgin, Illinois 60123
If you're a homeless veteran, contact your VA Medical Center.
You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."