MYERS PLACE

1585 DEMPSTER ST, Mount Prospect, IL 60056

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents Studio - 1 Bed 1 Bath -
check_circle  Supportive Housing for Disabled Persons

Waitlist Forecast

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.

Myers Place is a mixed-use development in Mount Prospect that provides 39 units of permanent supportive housing for persons living with disabilities. At its initial opening, Myers Place was not only the first permanent supportive housing project of its size in the market area, but was also a first for the northwestern suburbs at large. The development provides individualized supportive services in the form of classes, case management, counseling, transportation assistance, and health screenings. These services are provided voluntarily to tenants. The first floor features a leased commercial space. 

Dave's Thoughts On MYERS PLACE

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 MYERS PLACE 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

MYERS PLACE Amenities

  • On-Site Manager
  • Laundry Room
  • Landscaping

Units at MYERS PLACE

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

Income Qualification for MYERS PLACE

*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 $23,200 / year $26,500 / year $29,800 / year $33,100 / year $35,750 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year $68,400 / year $72,800 / year
50% AMI for PBRA Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year $68,400 / year $72,800 / year
60% AMI for LIHTC Units $46,380 / year $52,980 / year $59,580 / year $66,180 / year $71,520 / year $76,800 / year $82,080 / year $87,360 / year
80% AMI for PBRA Units $61,800 / year $70,600 / year $79,450 / year $88,250 / year $95,350 / year $102,400 / year $109,450 / year $116,500 / year

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

FAQs for MYERS PLACE

Does MYERS PLACE have a waiting list?

MYERS PLACE 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 MYERS PLACE?

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 MYERS PLACE?

MYERS PLACE is managed by UPHOLDINGS, LLC headquartered in Chicago, IL.

In addition to MYERS PLACE, how many other affordable housing properties (and units) are there in Mount Prospect?

In addition to MYERS PLACE, we list 4 other affordable properties in Mount Prospect. Learn about these properties here. Our data research shows that there are a total of 410 affordable units in Mount Prospect.

When was the MYERS PLACE listing last updated?

MYERS PLACE listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.

Listings Near MYERS PLACE

Centennial North and South Apartments

900 E Ardyce Ln, Mount Prospect, Illinois 60056

Huntington Towers

571 W Huntington Commons Rd, Mount Prospect, Illinois 60056

The Kensington Senior Residences

401 E. Kensington Rd., Mount Prospect, Illinois 60056

bed 1-2

Centennial Apartments South

900 Centennial Dr, Mount Prospect, Illinois 60056

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