Lincoln Village Apartments

1000 N College St, Lincoln, IL 62656

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2024 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 Bath -
check_circle  Pets Allowed
check_circle  Project-Based Rental Assistance
check_circle  Family and Senior
check_circle  Affordable

Waitlist Forecast

Since this property is a USDA Section 515 property with rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Lincoln Village Apartments offers 1- and 2-bedroom spacious apartments with on-site laundry facilities and off-street parking. Appliances are included and Lincoln Village is a short distance from historical Springfield. Rental assistance is plentiful and a generous utility allowance is provided.

Dave's Thoughts On Lincoln Village Apartments

Because it participates in the USDA Section 515 Rural Rental Housing program, Lincoln Village Apartments is likely located in a rural community and may be one of only a few rental housing choices in the area. To qualify for residency in a Section 515 property, you must earn 80% or less of Area Median Income (AMI). Since this property also participates in USDA's Section 521 Rental Assistance program, residents who earn 50% of the AMI or less may qualify for a subsidy that limits your rent payment to 30% of your income. Some Section 521 properties do not offer rent subsidies to all of the units, so it is possible a person earning 50% or less of the AMI is placed on a subsidy waiting list. These tenants would have to pay the full rent until their name comes up on the list. Section 515 properties often have smaller units, fewer amenities, and are in worse physical condition than other similar properties. USDA has struggled over the years to keep the physical condition of Section 515 properties in good standing due to budget constraints. These properties are almost always owned and managed by private/corporate owners or nonprofits. If you live in a rural area and need help paying your rent, this property may be good for you. Since this property participates in the RD515 program, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Lincoln Village Apartments Amenities

  • On-Site Manager
  • Air Conditioning
  • Ceiling Fan(s)
  • Cable Ready
  • Window Coverings
  • Carpet
  • Refrigerator
  • On-Site Maintenance
  • Laundry Facilities

Units at Lincoln Village Apartments

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price

Income Qualification for Lincoln Village Apartments

*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
30% AMI for PBRA Units $17,850 / year $20,400 / year $24,860 / year $30,000 / year
50% AMI for LIHTC Units $29,750 / year $34,000 / year $38,250 / year $42,500 / year
50% AMI for PBRA Units $29,750 / year $34,000 / year $38,250 / year $42,500 / year
80% AMI for PBRA Units $47,600 / year $54,400 / year $61,200 / year $68,000 / year

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

FAQs for Lincoln Village Apartments

Does Lincoln Village Apartments have a waiting list?

Lincoln Village Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Lincoln Village Apartments?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Lincoln Village Apartments?

Lincoln Village Apartments is managed by TM Associates Management, Inc headquartered in Rockville, Maryland.

In addition to Lincoln Village Apartments, how many other affordable housing properties (and units) are there in Lincoln?

In addition to Lincoln Village Apartments, we list 8 other affordable properties in Lincoln. Learn about these properties here. Our data research shows that there are a total of 533 affordable units in Lincoln.

When was the Lincoln Village Apartments listing last updated?

Lincoln Village Apartments listing on Affordable Housing Online was last updated on 02/22/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Lincoln Village Apartments

Lincoln Northside Apartments

2305-2325 Railsplitter, Lincoln, Illinois 62656

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible

418 S Jefferson St

418 S Jefferson St, Lincoln, Illinois 62656

bed 3
payment $995/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

Brainard Landings Apartments

1100 Monroe St, Lincoln, Illinois 62656

switch_access_shortcut Short Wait
accessibility Accessible

Brainard Landings Apartments, Phase II

1103 N State St, Lincoln, Illinois 62656

switch_access_shortcut Short Wait
accessibility Accessible

Centennial Court

181 Centennial Ct, Lincoln, Illinois 62656

payment Subsidized

Friendship Manor

925 Primm Rd, Lincoln, Illinois 62656

payment Subsidized
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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