Library Lane Serior Residences

50 Library Ln, Grayslake, IL 60030

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents Floorplan Info Upon Request - -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Affordable

Waitlist Forecast

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.

Dave's Thoughts On Library Lane Serior Residences

Because Library Lane Serior Residences 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. Because of the LIHTC program, additional units are set aside for households earning 50% or less of the AMI with corresponding lower rent caps.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Library Lane Serior Residences

*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 5 people 6 people 7 people 8 people
30% AMI for PBRA Units $23,200 / year $26,500 / year $29,800 / year $33,100 / year $35,750 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year $68,400 / year $72,800 / year
50% AMI for PBRA Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year $68,400 / year $72,800 / year
60% AMI for LIHTC Units $46,380 / year $52,980 / year $59,580 / year $66,180 / year $71,520 / year $76,800 / year $82,080 / year $87,360 / year
80% AMI for PBRA Units $61,800 / year $70,600 / year $79,450 / year $88,250 / year $95,350 / year $102,400 / year $109,450 / year $116,500 / year

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

FAQs for Library Lane Serior Residences

Does Library Lane Serior Residences have a waiting list?

Library Lane Serior Residences 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 Library Lane Serior Residences?

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 Library Lane Serior Residences, how many other affordable housing properties (and units) are there in Grayslake?

In addition to Library Lane Serior Residences, we list 3 other affordable properties in Grayslake. Learn about these properties here. Our data research shows that there are a total of 120 affordable units in Grayslake.

Listings Near Library Lane Serior Residences

Lakewood Village

125 Glen Street, Grayslake, Illinois 60030

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Brittany Square

720 Brittany Sq, Grayslake, Illinois 60030

bed 1
payment $1380/mo.

Grays Pointe Apartments

1900 Country Dr, Grayslake, Illinois 60030

bed 1-2
payment $1370-1405/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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