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Victory Centre of Park Forest

101 Main St, Park Forest, Illinois 60466

"The lifestyle at our community supports residents in the next phase of life. People are choosing Victory Centre of Park Forest as home because they need someone to guide them down their path, not stand in the way. Life enrichment is our priority. Through Pathway to Living’s award-winning VIVA! philosophy, residents are growing – physically, mentally and spiritually."

Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedrooms (2/1) - Call for Price

Victory Centre of Park Forest Details

  • 95 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Low-Income Housing Tax Credit (LIHTC)

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Park Forest Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Park Forest but actual income limits may differ for units at Victory Centre of Park Forest.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $31,850 $36,400 $40,950 $45,500 $49,150 $52,800 $56,450 $60,100
Low Income (60%) $38,220 $43,680 $49,140 $54,600 $58,980 $63,360 $67,740 $72,120
Image of Victory Centre of Park Forest