AffordableHousingOnline

Leonard Estates

501 College Ave
Lincoln, Illinois
Contact Leasing Office
Call (443) 863-5271 ext. 40017#

Property Details

  • 24 units.
  • Project-Based Rental Assistance

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Lincoln HUD Rental Assistance Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30%$14,250$16,460$20,780$25,100$29,420$33,740$38,060$42,380
50%$23,700$27,100$30,500$33,850$36,600$39,300$42,000$44,700
80%$37,950$43,350$48,750$54,150$58,500$62,850$67,150$71,500

Leonard Estates receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a HUD-Assisted Housing unit. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.