Rand Grove Village

748 Rand Grove Ln, Palatine, IL 60074

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2019 by Colleen Carter, Ric Gresia
Rent Beds Baths SqFt
Call for Rents 1 - 4 Beds 1 Bath -
check_circle  Project-Based Rental Assistance

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Rand Grove Village is a 212-unit development with all units subsidized through a HUD project-based Section 8 contract. The property is located at 773 E. Rand Grove Lane, Palatine, IL 60074. The property was originally constructed in 1976 and offers one, two, three, and four-bedroom units. All units are located within ten two-story buildings. Common amenities include a manager’s office, picnic area, community garden, business center, basketball court, clubhouse/meeting room, and central laundry room. Rand Grove Village was acquired by PPD in December 2016 for $35,000,000. Renovations on this property began March 2017.

Dave's Thoughts On Rand Grove Village

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Rand Grove Village has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Rand Grove Village Amenities

  • Basketball Court
  • Community Room
  • Business Center
  • Clubhouse
  • Community Garden
  • Picnic Area

Units at Rand Grove Village

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedroom (2/1) - Call for Price
3 Bedroom (3/1) - Call for Price
4 Bedroom (4/1) - Call for Price

Income Qualification for Rand Grove Village

*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 Rand Grove Village

Does Rand Grove Village have a waiting list?

Rand Grove Village probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Rand Grove Village?

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.

What property management company manges Rand Grove Village?

Rand Grove Village is managed by Preservation Partners Management Group, Inc.

In addition to Rand Grove Village, how many other affordable housing properties (and units) are there in Palatine?

In addition to Rand Grove Village, we list 6 other affordable properties in Palatine. Learn about these properties here. Our data research shows that there are a total of 721 affordable units in Palatine.

Listings Near Rand Grove Village

Palatine Senior Residences

450 E Baldwin Rd, Palatine, Illinois 60074

Arrowhead Apartments

1912 Cambridge Ct, Palatine, Illinois 60074

bed 1-3

Sidney L. Port Center

1760 W Algonquin Rd, Palatine, Illinois 60067

Little City for Community Development

12 S Cedar St, Palatine, Illinois 60067

Prairiebrook

1245 E Prairie Brook Dr, Palatine, Illinois 60074

Spruce Village

1980 North Rand Road, Palatine, Illinois 60074

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