Welcome to Buena Vista Apartments and Town-homes, an affordable housing rental community, where your rent is based on your income. Featuring one (1), two (2) and three (3) bedroom apartments and town-homes. Spacious layouts and amenities welcome you home, along with exceptional service and an ideal location. Buena Vista Apartments and Town-homes is located off of Route 20 (Lake Street) and West of Route 31 (State Street), a short distance to shopping, dining, and entertainment. Are you looking for an apartment in Elgin, Illinois? Contact our friendly, professional office team to schedule a tour today.
|1 Bedroom (1/1)||656||Income Based|
|2 Bedroom (2/1)||797||Income Based|
|3 Bedroom (3/2)||970||Income Based|
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.
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 Elgin but actual income limits may differ for units at Buena Vista 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|
Buena Vista Apartments is managed by Evergreen Real Estate Group.