Aspen Court

1557 Hunter St, Urbana, IL 61802

Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units

check_circleVerified for 2019 by Lorena Bentley
Rent Beds Baths SqFt
Call for Rents 1 - 3 Beds 1 - 1.5 Bath 1 - 865 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Pets Allowed
check_circle  Project-Based Rental Assistance

Waitlist Forecast

Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.

Nestled on 10 acres in the city of Urbana, you can find the newly remodeled Aspen Court Apartments. Aspen Court features 28 buildings consisting of 140 apartment homes. Residents enjoy the self-service laundry along with easy access to the leasing office and community room.

 

Dave's Thoughts On Aspen Court

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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Aspen Court has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Aspen Court Amenities

  • Controlled Access
  • Playground
  • On-Site Manager
  • Air Conditioning
  • Refrigerator
  • On-Site Maintenance
  • Garage and Surface Parking

Units at Aspen Court

Unit (Bd/Ba) Ft2 Rent
One Bedroom One Bath (The Beech) (1/1) 590ft2 Call for Price
Two Bedroom One in a half Bath (The Sugar Maple) (2/1.5) 865ft2 Call for Price
Three Bedroom One in a half Bath (The Post Oak) (3/1.5) 1ft2 Call for Price

Income Qualification for Aspen Court

*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
30% AMI for PBRA Units $20,300 / year $23,200 / year $26,100 / year $30,000 / year $35,140 / year $40,280 / year
50% AMI for LIHTC Units $33,850 / year $38,700 / year $43,550 / year $48,350 / year $52,250 / year $56,100 / year
50% AMI for PBRA Units $33,850 / year $38,700 / year $43,550 / year $48,350 / year $52,250 / year $56,100 / year
60% AMI for LIHTC Units $40,620 / year $46,440 / year $52,260 / year $58,020 / year $62,700 / year $67,320 / year
80% AMI for PBRA Units $54,150 / year $61,900 / year $69,650 / year $77,350 / year $83,550 / year $89,750 / year

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

FAQs for Aspen Court

Does Aspen Court have a waiting list?

Aspen Court probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Aspen Court?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

What property management company manges Aspen Court?

Aspen Court is managed by TWG Development headquartered in Indianapolis, In.

In addition to Aspen Court, how many other affordable housing properties (and units) are there in Urbana?

In addition to Aspen Court, we list 22 other affordable properties in Urbana. Learn about these properties here. Our data research shows that there are a total of 775 affordable units in Urbana.

Listings Near Aspen Court

Sunnycrest Man0r

1805 S Cottage Grove Ave, Urbana, Illinois 61801

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Edge of Mall Apartments

109 W Illinois St, Urbana, Illinois 61801

payment Subsidized

Highland Green

102 East Stebbins Drive, Urbana, Illinois 61801

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Urbana Estates

1004 S Smith Rd, Urbana, Illinois 61802

bed 1-3
payment $675-875/mo.

705 W Elm St

705 W Elm St, Urbana, Illinois 61801

bed 2
payment $895/mo.

712 W Illinois St Unit 4

712 W Illinois St Unit 4, Urbana, Illinois 61801

bed 3
payment $1045/mo.
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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