Central Park Towers

120 S State St, Elgin, IL 60123

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Call (847) 742-3853

Waitlist Forecast

Since this property may have a RAD 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.

Dave's Thoughts On Central Park Towers

Since Central Park Towers participates in the RAD Section 8 Project-Based Section 8 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 RAD Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. Since this property participates in the RAD 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

Income Qualification for Central Park Towers

*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	$23,200 / year	$26,500 / year	$29,800 / year	$33,100 / year	$35,750 / year	$40,280 / year	$45,420 / year	$50,560 / year
50% AMI for LIHTC Units	$38,650 / year	$44,150 / year	$49,650 / year	$55,150 / year	$59,600 / year	$64,000 / year	$68,400 / year	$72,800 / year
50% AMI for PBRA Units	$38,650 / year	$44,150 / year	$49,650 / year	$55,150 / year	$59,600 / year	$64,000 / year	$68,400 / year	$72,800 / year
80% AMI for PBRA Units	$61,800 / year	$70,600 / year	$79,450 / year	$88,250 / year	$95,350 / year	$102,400 / year	$109,450 / year	$116,500 / year

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

FAQs for Central Park Towers

Does Central Park Towers have a waiting list?

Central Park Towers 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 Central Park Towers?

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.

In addition to Central Park Towers, how many other affordable housing properties (and units) are there in Elgin?

In addition to Central Park Towers, we list 24 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.