Forest Oaks Apartments

7228 Circle Avenue, Forest Park, IL 60130

Waiting List Forecast: Closed

check_circleVerified for 2020 by Lorena Bentley
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath -
check_circle  Near Elderly (55+)
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Information

Wisdom Village of Northlake, Forest Oaks Senior, Thomas Place, Poplar Creek Village and Carriage Creek, 1 and 2-Bedroom, 55+ Waiting List

Go to the public housing authority page for this waiting list >>

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.

Dave's Thoughts On Forest Oaks Apartments

Because Forest Oaks Apartments 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Forest Oaks Apartments Amenities

  • Refrigerator

Units at Forest Oaks Apartments

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

Income Qualification for Forest Oaks Apartments

*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
50% AMI for LIHTC Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year
50% AMI for PBRA Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year
60% AMI for LIHTC Units $46,380 / year $52,980 / year $59,580 / year $66,180 / year

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

FAQs for Forest Oaks Apartments

Does Forest Oaks Apartments have a waiting list?

Forest Oaks Apartments has a waiting list. See above for waiting list details.

Are rents subsidized at Forest Oaks Apartments?

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.

In addition to Forest Oaks Apartments, how many other affordable housing properties (and units) are there in Cook County?

In addition to Forest Oaks Apartments, we list 987 other affordable properties in Cook County. Learn about these properties here. Our data research shows that there are a total of 102519 affordable units in Cook County.

Listings Near Forest Oaks Apartments

Linden House Apartments

1020 Des Plaines Ave, Forest Park, Illinois 60130

payment Subsidized
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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