245 South 6th Avenue, Kankakee, IL 60901
Waiting List Forecast: Likely Short or None
Verified for 2020 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
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 Station Senior Residences is a brand-new community for low-to-moderate income seniors age 55 and up in Kankakee, Illinois. The building, developed in partnership with the City of Kankakee as well as Kankakee County, is a cornerstone of neighborhood stabilization and revitalization efforts in Kankakee’s West Downtown District. The Energy Star Certified building adjoins a planned greenway along the Kankakee River, which will provide opportunities for active recreation, and is within walking distance of a grocery store, commercial businesses, and religious institutions.
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 Station Senior 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom One Bath (1/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,850 / year | $32,950 / year | $37,050 / year | $41,150 / year | $44,450 / year | $47,750 / year | $51,050 / year | $54,350 / year |
| 50% AMI for PBRA Units | $28,850 / year | $32,950 / year | $37,050 / year | $41,150 / year | $44,450 / year | $47,750 / year | $51,050 / year | $54,350 / year |
| 60% AMI for LIHTC Units | $34,620 / year | $39,540 / year | $44,460 / year | $49,380 / year | $53,340 / year | $57,300 / year | $61,260 / year | $65,220 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does River Station Senior have a waiting list?
River Station Senior 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 Station Senior?
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 Station Senior?
River Station Senior is managed by Mercy Housing headquartered in Denver, Colorado.
In addition to River Station Senior, how many other affordable housing properties (and units) are there in Kankakee?
In addition to River Station Senior, we list 23 other affordable properties in Kankakee. Learn about these properties here. Our data research shows that there are a total of 918 affordable units in Kankakee.
200 N. Crest Lane Drive , Kankakee, Illinois 60901
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Patti Lynn Druin says:
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