The King’s Court is an 18 unit apartment complex located at 2641 East Cook Street in Springfield, Illinois. What was once a run down, crime infested motel, is now an attractive housing complex dedicated to providing families with low to moderate incomes an attractive, stable and safe environment in which to live and raise their families.
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.