Twin Lakes Senior Villas

405 Twin Lakes Drive, Rantoul, IL 61866

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Colleen Carter, Joshua Cappell
Rent Beds Baths SqFt
$308 - 850 per Month 1 - 2 Beds 1 - 1.5 Bath 856 - 915 Sq Ft
check_circle  Near Elderly (55+)
check_circle  Pets Allowed

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.

Twin Lakes Senior Villas boasts 42 villas with individual driveways and attached one-car garages. Tailored for adults 55 and older, these 32 two-bedroom and 10 one-bedroom homes offer all of the amenities of luxury villas at affordable rental rates. Located in the Village of Rantoul, IL, Twin Lakes Senior Villas is less than 20 miles northeast of Champaign/Urbana, with easy access to State Route 45. The great location, lengthy amenities list, enjoyable environment, and professional on-site management and maintenance staff mean that you get to experience high-end living at a fraction of the cost.

Dave's Thoughts On Twin Lakes Senior Villas

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 Twin Lakes Senior Villas 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

Twin Lakes Senior Villas Amenities

  • Controlled Access
  • Community Room
  • Business Center
  • Laundry Room
  • Garage
  • Off-Street Parking
  • Central Air
  • Gourmet Kitchen
  • Spacious Closets
  • Extra Storage
  • Breakfast Bar
  • Energy Efficient Design
  • Washer and Dryer Included
  • High Speed Internet Access
  • 24 Hour Maintenance
  • Picnic Area
  • Private Patio and Balcony
  • Energy Efficient Appliances

Units at Twin Lakes Senior Villas

Unit (Bd/Ba) Ft2 Rent
The Rosewood (1/1) 856ft2 $308 $713
The Marquis (2/1.5) 915ft2 $364 $850

Income Qualification for Twin Lakes Senior Villas

*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
50% AMI for LIHTC Units $33,850 / year $38,700 / year $43,550 / year $48,350 / year
50% AMI for PBRA Units $33,850 / year $38,700 / year $43,550 / year $48,350 / year
60% AMI for LIHTC Units $40,620 / year $46,440 / year $52,260 / year $58,020 / year

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

FAQs for Twin Lakes Senior Villas

Does Twin Lakes Senior Villas have a waiting list?

Twin Lakes Senior Villas 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 Twin Lakes Senior Villas?

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 Twin Lakes Senior Villas?

Twin Lakes Senior Villas is managed by Miller Valentine Group

In addition to Twin Lakes Senior Villas, how many other affordable housing properties (and units) are there in Rantoul?

In addition to Twin Lakes Senior Villas, we list 6 other affordable properties in Rantoul. Learn about these properties here. Our data research shows that there are a total of 33 affordable units in Rantoul.

When was the Twin Lakes Senior Villas listing last updated?

Twin Lakes Senior Villas listing on Affordable Housing Online was last updated on 01/02/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Twin Lakes Senior Villas

Village Apartments

1346 Juniper Dr, Rantoul, Illinois 61866

payment Subsidized
accessible_forward Disability

Golfview Village

620 Willow Pond Rd, Rantoul, Illinois 61866

bed 2-3
payment $680-760/mo.

Falcon Way Townhomes

909 N Maplewood Dr, Rantoul, Illinois 61866

bed 2-3
payment $622-664/mo.

South Pointe Commons

200 W Frost Ave, Rantoul, Illinois 61866

bed 3-5
payment $726-1255/mo.

1320 McCullough St

1320 McCullough St, Rantoul, Illinois 61866

bed 2
payment $775/mo.

Youman Place

1 Youman Pl, Rantoul, Illinois 61866

bed 1
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

Email Signup
Don't Miss A Waiting List Opening