Finley Place Apartments

1151 S Finley Rd, Lombard, Illinois 60148

With several parks and plenty of green spaces, Finley Place is excellently balanced between comfort and convenience. Use nearby public transportation or simply walk to any of the numerous dining or shopping options minutes away. Each home at Finley Place has individually controlled air conditioning, a semi-open concept floorplan, and spacious storage. Professional, on-site management and 24 hour emergency maintenance are available to ensure we take care of everything you need.

Finley Place – where you can finally feel at home.

Waiting List is Closed
Some units at this property are available through DuPage Housing Authority's Finley Supportive Housing, Olympus Place, Trinity-Landings on Villa, Trinity Alton Court and Trinity Turtle Cove Senior Project-Based Voucher Waiting List. Learn about this waiting list here.

Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - Income Based
1 Bedroom (1/1) - Income Based
2 Bedroom (2/1) - Income Based

Finley Place Apartments Details

  • 40 studio, 1 and 2 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program
  • Section 8 Project-Based Rental Assistance

Property Amenities

  • Playground
  • On-Site Manager
  • Laundry Room
  • On-Site Maintenance

Unit Amenities

  • Central Air
  • Spacious Closets
  • Refrigerator
  • Stove

Nearby Amenities

  • Close to Public Transportation
  • Close to Shopping

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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 community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Lombard HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Lombard but actual income limits may differ for units at Finley Place Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $21,900 $25,000 $28,150 $31,250 $33,750 $37,190 $41,910 $46,630
50% $36,500 $41,700 $46,900 $52,100 $56,300 $60,450 $64,650 $68,800
80% $58,350 $66,700 $75,050 $83,350 $90,050 $96,700 $103,400 $110,050

Lombard Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Lombard but actual income limits may differ for units at Finley Place Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $36,500 $41,700 $46,900 $52,100 $56,300 $60,450 $64,650 $68,800
Low Income (60%) $43,800 $50,040 $56,280 $62,520 $67,560 $72,540 $77,580 $82,560

Finley Place Apartments is managed by Greystone Property Management Corporation.

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