The 801 combines contemporary affordable apartments in Oak Park with outstanding convenience for residents. The environmentally conscious building provides thirty-five (35) well-appointed new studios, one-, and two-bedroom apartment rentals. Two (2) spacious live/work apartments on the first floor provide flexible living and working spaces for local entrepreneurs and small businesses.
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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.
The 801 is managed by The Community Builders, Inc..