590 Olivia Dr., Geneseo, IL 61254
Waiting List Forecast: Likely Short or None
Verified for 2026 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1.5 - 2.5 Baths | 1,084 - 1,271 Sq Ft |
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.
Looking for a beautiful, affordable home in Geneseo, IL? Geneseo Townhomes includes five, 8-unit affordable townhouse-style buildings, a pavilion and playground. Rent pricing is based on income and number of household members. Their Townhomes boast many amenities! An on-site management office, patios and full appliance packages are just a few amenities available to Geneseo Townhome residents.
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 Geneseo Townhomes 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom Two Bath (2/2) | 1084ft2 | Call for Price† |
| Two Bedroom One Half Bath (2/1.5) | 1149ft2 | Call for Price† |
| Three Bedroom Two Bath (3/2) | 1228ft2 | Call for Price† |
| Three Bedroom Two Half Bath (3/2.5) | 1271ft2 | Call for Price† |
Does Geneseo Townhomes have a waiting list?
Geneseo Townhomes 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 Geneseo Townhomes?
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 Geneseo Townhomes?
Geneseo Townhomes is managed by Bear Property Management headquartered in Kenosha, WI.
In addition to Geneseo Townhomes, how many other affordable housing properties (and units) are there in Geneseo?
In addition to Geneseo Townhomes, we list 2 other affordable properties in Geneseo. Learn about these properties here. Our data research shows that there are a total of 56 affordable units in Geneseo.
When was the Geneseo Townhomes listing last updated?
Geneseo Townhomes listing on Affordable Housing Online was last updated on 07/06/2026 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
600 Olivia Dr., Geneseo, Illinois 61254
If you're a homeless veteran, contact your VA Medical Center.
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