Park Terrace

1000 Chamberlain St, Rockford, IL 61107

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2019 by Lorena Bentley

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 3 Beds	1 Bath	-

Call (815) 489-8663

Waitlist Forecast

Since this property may have HUD-funded Public Housing with subsidies that help pay tenants' rent, the property is likely to have a long waiting list. Housing authorities often open these waiting lists periodically. Important: Housing authorities don't always open housing waiting lists at a property-specific level or even allow applicants to choose at which property they can live. Many times, the housing authority will assign an applicant to a property without giving the applicant a choice.

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.

Park Terrace is centrally located near Rockford’s downtown area with convenient access to the East side business district. With its spacious apartments and other amenities, Park Terrace offers the enjoyment of a beautiful park like surrounding with friendly people. Enjoy active, independent living.

Appliances are furnished for each apartment. Private off street resident parking. On site laundry facilities. Located on the RMTD bus line. Full cable service is available with local TV stations, a “Meet and Eat” program is located on site.

Heat, water, and gas furnished.

For additional information contact management at (815) 489-8663 or by cell phone at (815) 509-9576

Dave's Thoughts On Park Terrace

This property is funded through HUD’s Public Housing program. These properties are typically owned and managed by a Public Housing Authority. These properties tend to be much older, as no new public housing has been built in many years. Since the Federal budget has historically (and notoriously) underfunded public housing renovations for decades, these properties tend to have higher vacancies due to uninhabitable units or liveable units that are in poor condition. In addition, since all public housing properties offer rent subsidies, low-income residents only pay rent based on their incomes. For that reason, these properties tend to have longer waiting lists. Check our public housing waiting list data for more information. Since Park Terrace participates in the Public Housing program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.

~ Dave Layfield, Founder of Affordable Housing Online

Park Terrace Amenities

On-Site Manager
Microwave
Refrigerator
Oven and Range
Outings events & activities
Laundry Facilities
Smoke Free
High Speed Internet Access
Heat and Air

Units at Park Terrace

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price^†
One Bedroom One Bath (1/1)	-	Call for Price^†
Three Bedroom One Bath (3/1)	-	Call for Price^†

Income Qualification for Park Terrace

*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
30% AMI for PBRA Units	$17,300 / year	$19,800 / year	$24,860 / year	$30,000 / year	$35,140 / year	$40,280 / year
50% AMI for LIHTC Units	$28,850 / year	$33,000 / year	$37,100 / year	$41,200 / year	$44,500 / year	$47,800 / year
50% AMI for PBRA Units	$28,850 / year	$33,000 / year	$37,100 / year	$41,200 / year	$44,500 / year	$47,800 / year
80% AMI for PBRA Units	$46,150 / year	$52,750 / year	$59,350 / year	$65,900 / year	$71,200 / year	$76,450 / year

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

FAQs for Park Terrace

Does Park Terrace have a waiting list?

Park Terrace probably has a waiting list. Since our research has shown there are some public housing units at this property, the waiting list would be for those units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Park Terrace?

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.

In addition to Park Terrace, how many other affordable housing properties (and units) are there in Rockford?

In addition to Park Terrace, we list 77 other affordable properties in Rockford. Learn about these properties here. Our data research shows that there are a total of 4431 affordable units in Rockford.