608 Central Park Place, South Roxana, IL 62087
Waiting List Forecast: Likely Short or None
Verified for 2024 by Broadway Place Manager, Corporate, Julia Zeltner, Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 1 - 2 Baths | 728 - 960 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.
Welcome to Broadway Place, where we are delighted to announce the availability of our thoughtfully designed two and three-bedroom residences for lease.
-Tranquility and Convenience: Enjoy a harmonious blend at Broadway Place.
-Location: Nestled in a boutique community away from city hustle.
-On a Public Transportation Route: Added convenience for residents.
-Proximity to Dining and Shopping: Enjoy nearby amenities.
-Minutes from the Interstate: Effortless city navigation.
-Explore Firsthand: Visit Broadway Place today.
*Broadway Place is an affordable property, meaning each applicant must meet income requirements.
Easy Application Process:
1. Fill out application in our office (608 Central Park Place, South Roxana, IL 62087)
2. Request application via email/mail
3. Pass credit/criminal and meet income requirements
NEW YEAR NEW SAVINGS!
Application Fee: Waived
Security Deposit: $99 Move-In Special
Rental Credit: $500 rental credit for current residents for resident referral (Restrictions Apply)
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 Broadway Place 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1) | 728ft2 | Call for Price† |
| Three Bedroom (3/2) | 960ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,200 / year | $40,200 / year | $45,250 / year | $50,250 / year | $54,300 / year | $58,300 / year |
| 50% AMI for PBRA Units | $35,200 / year | $40,200 / year | $45,250 / year | $50,250 / year | $54,300 / year | $58,300 / year |
| 60% AMI for LIHTC Units | $42,240 / year | $48,240 / year | $54,300 / year | $60,300 / year | $65,160 / year | $69,960 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Broadway Place have a waiting list?
Broadway Place 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 Broadway Place?
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 Broadway Place?
Broadway Place is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Broadway Place, how many other affordable housing properties (and units) are there in Madison County?
In addition to Broadway Place, we list 130 other affordable properties in Madison County. Learn about these properties here. Our data research shows that there are a total of 3876 affordable units in Madison County.
When was the Broadway Place listing last updated?
Broadway Place listing on Affordable Housing Online was last updated on 01/02/2024 by Broadway Place Manager. Remember, a property's status can change so you should contact the property to confirm.
Stay in contact with the housing agency after applying.
While on a waiting list, always keep your information up to date. If you get selected for housing, the agency needs to know how to reach you!Duane Lindoff says:
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