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Forest Oaks Apartments

7228 Circle Avenue, Forest Park, Illinois 60130

Forest Oaks is a privately owned and operated 56 unit senior housing community with one and two bedroom apartments. To be eligible Forest Oaks, the head of household, co-head of household, or spouse must be 55 years old or older and have income that does not exceed 50% of the AMI. Residents of this development pay 30% of his/her income towards the rent and the HACC subsidizes the remainder of the rent to the owner.

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Waiting List is Open Now

The Forest Oaks Apartments waiting list is currently open until further notice.

Last updated on October 9th, 2019

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based

Forest Oaks Apartments Details

  • 56 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Unit Amenities

  • Refrigerator

Low-Income Housing Tax Credit (LIHTC)

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.

Forest Oaks Apartments is managed by Housing Authority of Cook County.

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