Thornwood House Apartments
1 Thornwood Mall, University Park, Illinois 60484
"Welcome to Thornwood House, conveniently located in the prime area of University Park in Chicago. Our affordable apartment community is properly designed for the elderly and or disabled that meet the established income guidelines.
Thoughtfully designed with comfort and convenience in mind, our floor plans feature a wide array of stylishly appointed amenities including energy efficient appliances, multiple community spaces, air-conditioning, private balconies in select units, and spectacular views! You'll appreciate fine quality that provides the perfect retreat from the busy world. Enjoy a home that meets your lifestyle needs and tour our community today."
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Last updated on July 9th, 2020
Units
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 470-660 | Call for Price |
Thornwood House Apartments Details
- 183 one bedroom units.
- High Rise
- Water and Sewer utilities included in rent
- Heat utility included in rent
- Low-Income Housing Tax Credit (LIHTC)
Property Amenities
- Community Room
- On-Site Manager
- Off-Street Parking
- On-Site Maintenance
- Laundry Facility
Unit Amenities
- Intercom System
Office Hours
| Day | Hours |
|---|---|
| Monday | 8:30am-5:00pm |
| Tuesday | 8:30am-5:00pm |
| Wednesday | 8:30am-5:00pm |
| Thursday | 8:30am-5:00pm |
| Friday | 8:30am-5:00pm |
Low-Income Housing Tax Credit (LIHTC)
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.
University Park Low-Income Housing Tax Credit Income Limits
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in University Park but actual income limits may differ for units at Thornwood House Apartments.
| AMI Band | 1 Person | 2 Person |
|---|---|---|
| Very Low Income (50%) | $36,500 | $41,700 |
| Low Income (60%) | $43,800 | $50,040 |
Thornwood House Apartments is managed by The Community Builders, Inc..
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