300 W. 20th Ave, Milan, IL 61264
Waiting List Forecast: Likely Short or None
Verified for 2021 by Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $850 - 1,225 per Month† | 1 - 3 Beds | 1 - 2 Baths | 624 - 1,130 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. 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.
VILLAGE WOODS APARTMENTS IN MILAN, IL
Welcome to Village Woods Apartments, where small town living meets big city convenience. They are located 15 minutes away from the downtown Moline area and an array of recreational areas and parks.
This 1, 2, and 3 bedroom apartments feature a newly renovated kitchen and bathrooms, new flooring and lighting, along with a full-size washer and dryer! Enjoy the amenities you will not experience at other apartment communities in Milan, such as a refreshing outdoor swimming pool and a 24-hour fitness center.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Village Woods Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 624ft2 | $850† |
| Two Bedroom (2/2) | 878ft2 | $985† |
| Three Bedroom (3/2) | 1130ft2 | $1,225† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,950 / year | $35,400 / year | $39,800 / year | $44,200 / year | $47,750 / year | $51,300 / year |
| 50% AMI for PBRA Units | $30,950 / year | $35,400 / year | $39,800 / year | $44,200 / year | $47,750 / year | $51,300 / year |
| 60% AMI for LIHTC Units | $37,140 / year | $42,480 / year | $47,760 / year | $53,040 / year | $57,300 / year | $61,560 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Village Woods Apartments have a waiting list?
Village Woods Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Village Woods Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Village Woods Apartments?
Village Woods Apartments is managed by Monarch Management Group headquartered in Shamokin Dam, Pennsylvania.
In addition to Village Woods Apartments, how many other affordable housing properties (and units) are there in Milan?
In addition to Village Woods Apartments, we list 4 other affordable properties in Milan. Learn about these properties here. Our data research shows that there are a total of 364 affordable units in Milan.
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