Thornwood House Apartments

1 Thornwood Mall, University Park, IL 60484

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Colisha M. Cobbs, Joshua Cappell
Rent Beds Baths SqFt
Call for Rents 1 Bed 1 Bath 470 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Project-Based Rental Assistance
check_circle  Affordable

Waitlist Forecast

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 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."

Dave's Thoughts On Thornwood House Apartments

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 Thornwood House Apartments 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Thornwood House Apartments Amenities

  • Community Room
  • On-Site Manager
  • Off-Street Parking
  • Intercom System
  • On-Site Maintenance
  • Laundry Facility

Units at Thornwood House Apartments

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 470ft2 Call for Price

Income Qualification for Thornwood House Apartments

*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 7 people 8 people
30% AMI for PBRA Units $23,200 / year $26,500 / year $29,800 / year $33,100 / year $35,750 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year $68,400 / year $72,800 / year
50% AMI for PBRA Units $38,650 / year $44,150 / year $49,650 / year $55,150 / year $59,600 / year $64,000 / year $68,400 / year $72,800 / year
60% AMI for LIHTC Units $46,380 / year $52,980 / year $59,580 / year $66,180 / year $71,520 / year $76,800 / year $82,080 / year $87,360 / year
80% AMI for PBRA Units $61,800 / year $70,600 / year $79,450 / year $88,250 / year $95,350 / year $102,400 / year $109,450 / year $116,500 / year

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

FAQs for Thornwood House Apartments

Does Thornwood House Apartments have a waiting list?

Thornwood House Apartments 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 Thornwood House Apartments?

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 Thornwood House Apartments?

Thornwood House Apartments is managed by The Community Builders, Inc. headquartered in Boston

In addition to Thornwood House Apartments, how many other affordable housing properties (and units) are there in University Park?

In addition to Thornwood House Apartments, we list 6 other affordable properties in University Park. Learn about these properties here. Our data research shows that there are a total of 359 affordable units in University Park.

When was the Thornwood House Apartments listing last updated?

Thornwood House Apartments listing on Affordable Housing Online was last updated on 01/02/2023 by Colisha M. Cobbs. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Thornwood House Apartments

Arbors at Hickory Creek

4791 Hickory Creek Dr, University Park, Illinois 60484

bed 1-2
payment $1338-1467/mo.

Dynasty House Apartments

701 Sandra Dr, University Park, Illinois 60484

bed 2
payment $1390/mo.

804 Sandra Dr Unit O

804 Sandra Dr Unit O, University Park, Illinois 60484

bed 2
payment $1650/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

733 Union Dr

733 Union Dr, University Park, Illinois 60484

bed 3
payment $1849/mo.

1005 Mildred Ln

1005 Mildred Ln, University Park, Illinois 60484

bed 3
payment $2000/mo.

Arbors at Hickory Creek

Cicero Ave At Steger Dr, University Park, Illinois 60471

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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