279 Michigan Ave, Galesburg, IL 61401
Waiting List Forecast: Likely Short or None
Verified for 2024 by Corporate, Julia Zeltner, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.
River Oaks Trails offers a charming and affordable living experience nestled beside the expansive 50-acre Kiwanis Park. The proximity to the park, complete with golf facilities and a refreshing spray water park, provides residents with an abundance of recreational opportunities right at their doorstep. There is also a grocery store nearby, standing as a convenient haven for residents, offering a myriad of choices for their daily needs and culinary cravings. The community boasts a range of amenities, from a well-equipped fitness center to a vibrant playground for the little ones. A resort-style pool invites relaxation, and the clubhouse is a hub of social activity. The apartments themselves are thoughtfully designed with practical features, including washer and dryer connections, a balcony or patio for a breath of fresh air, extra storage space, and an open concept floor plan that caters to various lifestyles. With affordability at the forefront, River Oaks Trails makes it possible to enjoy a comfortable and fulfilling living experience without breaking the bank. It truly is a place where your wishlist meets reality.
Student Friendly Living:
We are open every other Saturday from 8:00AM to 12:00PM. Call the office to learn more.
*River Oaks Trails is an affordable property, meaning each applicant must meet income requirements.
Easy Application Process:
1. Fill out application in our office (279 Michigan Avenue, Galesburg, IL 61401)
2. Request application via email/mail
3. Pass credit/criminal and meet income requirements
NEW YEAR NEW SAVINGS!
Application Fee: Waived
Security Deposit: $99 at move-in
Rental Credit: $500 for current residents for resident referral (Restrictions Apply)
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests River Oaks Trails does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,150 / year | $32,150 / year | $36,150 / year | $40,150 / year | $43,400 / year | $46,600 / year | $49,800 / year | $53,000 / year |
| 50% AMI for PBRA Units | $28,150 / year | $32,150 / year | $36,150 / year | $40,150 / year | $43,400 / year | $46,600 / year | $49,800 / year | $53,000 / year |
| 60% AMI for LIHTC Units | $33,780 / year | $38,580 / year | $43,380 / year | $48,180 / year | $52,080 / year | $55,920 / year | $59,760 / year | $63,600 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does River Oaks Trails have a waiting list?
River Oaks Trails probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at River Oaks Trails?
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.
What property management company manges River Oaks Trails?
River Oaks Trails is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to River Oaks Trails, how many other affordable housing properties (and units) are there in Galesburg?
In addition to River Oaks Trails, we list 19 other affordable properties in Galesburg. Learn about these properties here. Our data research shows that there are a total of 1345 affordable units in Galesburg.
When was the River Oaks Trails listing last updated?
River Oaks Trails listing on Affordable Housing Online was last updated on 07/29/2024 by Corporate. Remember, a property's status can change so you should contact the property to confirm.
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Applying for housing with bad credit.
Some housing assistance programs require a credit check, including Low-Income Housing Tax Credit apartments. Having bad credit may make you ineligible.Cha'Von Shawntaye Nichole says:
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