Spruce Village

1980 North Rand Road, Palatine, IL 60074

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Connor Bailey, Lorena Bentley

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 1 Bed	1 Bath	-

This property is currently under construction.

Construction is expected to begin in July of 2019 and the building should be ready for occupancy by the summer of 2020.

This development will be a 45 unit apartment building featuring a variety of unit sizes as well as community amenities, both indoor and outdoor. The development will include a community room, laundry facilities, and offices. The whole building will be monitored by a camera surveillance system and all apartments will have intercom access to the front doors for guests.

Dave's Thoughts On Spruce 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. 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 Spruce Village 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

Spruce Village Amenities

Community Room
On-Site Manager
Furnished Available
Trash Included
On-Site Social Services
Landscaping
Snow Removal
Fully Equipped Kitchen

Units at Spruce Village

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

Income Qualification for Spruce 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
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

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

FAQs for Spruce Village

Does Spruce Village have a waiting list?

Spruce Village 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 Spruce Village?

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.

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

In addition to Spruce Village, we list 8 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.

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