Sherman Drive Apartments

604 N Garfield St, Marion, IL 62959

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Colleen Carter, Ric Gresia
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Waitlist Forecast

Since this property may have HUD-funded Public Housing with subsidies that help pay tenants' rent, the property is likely to have a long waiting list. Housing authorities often open these waiting lists periodically. Important: Housing authorities don't always open housing waiting lists at a property-specific level or even allow applicants to choose at which property they can live. Many times, the housing authority will assign an applicant to a property without giving the applicant a choice.

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 Sherman Drive Apartments

This property is funded through HUD’s Public Housing program. These properties are typically owned and managed by a Public Housing Authority. These properties tend to be much older, as no new public housing has been built in many years. Since the Federal budget has historically (and notoriously) underfunded public housing renovations for decades, these properties tend to have higher vacancies due to uninhabitable units or liveable units that are in poor condition. In addition, since all public housing properties offer rent subsidies, low-income residents only pay rent based on their incomes. For that reason, these properties tend to have longer waiting lists. Check our public housing waiting list data for more information. Since Sherman Drive Apartments participates in the Public Housing program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for Sherman Drive 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 5 people 6 people 7 people 8 people
30% AMI for PBRA Units $17,300 / year $19,750 / year $24,860 / year $30,000 / year $35,140 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $28,750 / year $32,850 / year $36,950 / year $41,050 / year $44,350 / year $47,650 / year $50,950 / year $54,200 / year
50% AMI for PBRA Units $28,750 / year $32,850 / year $36,950 / year $41,050 / year $44,350 / year $47,650 / year $50,950 / year $54,200 / year
80% AMI for PBRA Units $46,000 / year $52,600 / year $59,150 / year $65,700 / year $71,000 / year $76,250 / year $81,500 / year $86,750 / year

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

FAQs for Sherman Drive Apartments

Does Sherman Drive Apartments have a waiting list?

Sherman Drive Apartments probably has a waiting list. Since our research has shown there are some public housing units at this property, the waiting list would be for those units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Sherman Drive 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.

In addition to Sherman Drive Apartments, how many other affordable housing properties (and units) are there in Marion?

In addition to Sherman Drive Apartments, we list 18 other affordable properties in Marion. Learn about these properties here. Our data research shows that there are a total of 748 affordable units in Marion.

Listings Near Sherman Drive Apartments

Shawnee Village

1304 W Boulevard St, Marion, Illinois 62959

payment Subsidized

Lincoln Village Apartments

4424 Meadowland Parkway, Marion, Illinois 62959

bed 1-3
payment $310-498/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

1108 N Fair St Unit B

1108 N Fair St Unit B, Marion, Illinois 62959

bed 3
payment $1200/mo.

12301 Reid St

12301 Reid St, Marion, Illinois 62959

bed 3
payment $995/mo.

1706 N Russell St Unit Apt. 1

1706 N Russell St Unit Apt. 1, Marion, Illinois 62959

bed 1
payment $695/mo.

401 S Buchanan St

401 S Buchanan St, Marion, Illinois 62959

bed 4
payment $1500/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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