Lake Matherville Manor Apartments

400 5th Avenue, Matherville, Illinois 61263

Lake Matherville Manor Apartments, located at 400 5th Avenue in Matherville, has one bedroom apartments. Lake Matherville Manor Apartments participates in the Section 515 Rural Rental Housing and Section 521 USDA Rental Assistance programs.

Contact Lake Matherville Manor Apartments

Message Lake Matherville Manor Apartments

Units

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

Lake Matherville Manor Apartments Details

  • 24 one bedroom units.
  • Project-Based Rental Assistance

Property Amenities

  • Laundry Room
  • 24hr Emergency Maintenance
  • Off-Street Parking

Unit Amenities

  • Cable Ready
  • Window Coverings
  • Carpet

Nearby Amenities

  • Near Park

About Lake Matherville Manor Apartments

Lake Matherville Manor is an affordable housing community in Lake Matherville, IL. We feature many different unit and property amenities. Please call our site manager for more information.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Matherville 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 Matherville but actual income limits may differ for units at Lake Matherville Manor Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,300 $17,450 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $25,450 $29,100 $32,750 $36,350 $39,300 $42,200 $45,100 $48,000
80% $40,750 $46,550 $52,350 $58,150 $62,850 $67,500 $72,150 $76,800

These general income qualifications for Matherville, Illinois should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Lake Matherville Manor Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Lake Matherville Manor Apartments is managed by Professional Property Management, LLC.

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Image of Lake Matherville Manor Apartments
Image of Lake Matherville Manor Apartments

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