820 West Black Road, Shorewood, IL 60404
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 Bath | 645 - 972 Sq Ft |
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.
"At Shorewood Horizon, you are able to live the life you’ve always dreamed of – affordable accommodations in a community of active, interesting people with all the five-star amenities of a luxury hotel. You’ll enjoy a variety of activities to engage your mind, body and spirit as well as the independence to get away from it all in a place you’ll be proud to call home."
Because Shorewood Horizon Senior Living Communit participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 645ft2 | Call for Price† |
| Two Bedrooms (2/1) | 972ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $38,650 / year | $44,150 / year | $49,650 / year | $55,150 / year |
| 50% AMI for PBRA Units | $38,650 / year | $44,150 / year | $49,650 / year | $55,150 / year |
| 60% AMI for LIHTC Units | $46,380 / year | $52,980 / year | $59,580 / year | $66,180 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Shorewood Horizon Senior Living Communit have a waiting list?
Shorewood Horizon Senior Living Communit 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 Shorewood Horizon Senior Living Communit?
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 Shorewood Horizon Senior Living Communit, how many other affordable housing properties (and units) are there in Shorewood?
In addition to Shorewood Horizon Senior Living Communit, we list 2 other affordable properties in Shorewood. Learn about these properties here. Our data research shows that there are a total of 69 affordable units in Shorewood.
When was the Shorewood Horizon Senior Living Communit listing last updated?
Shorewood Horizon Senior Living Communit listing on Affordable Housing Online was last updated on 01/01/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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