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.
This property is currently under construction.
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.
Larkin Center is managed by Full Circle Communities Inc..