Windham Terrace Apartments

2701 Windham Terrace Dr, Wood River, Illinois 62095

Windham Terrace Apartments is an affordable community. They offer 2 and 3 bedroom floor plans. Contact the property for current availability. Rent is based on income. Waitlist placement and income limit restrictions may apply. Amenities and features: appliances included, business center, clubhouse, community room with kitchen, dishwasher, laundry facility, fitness center, and more! Applicants should bring the following documentation: original birth certificate(s), original social security card(s), current government issued photo I.D.(s) for anyone 18 years of age or older, proof of income/pay stubs. Equal Housing Opportunity.

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) 877 Income Based
3 Bedroom (3/2) 1175 Income Based

Windham Terrace Apartments Details

  • 60 2 and 3 bedroom units.
  • Garden
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Playground
  • Community Room
  • Off-Street Parking
  • 24 Hour Maintenance
  • Laundry Facility

Unit Amenities

  • All Appliances included
  • Dishwasher
  • Central Heat & Air
  • Private Patios

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.

Wood River 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 Wood River but actual income limits may differ for units at Windham Terrace Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $33,250 $38,000 $42,750 $47,450 $51,250 $55,050 $58,850 $62,650
Low Income (60%) $39,900 $45,600 $51,300 $56,940 $61,500 $66,060 $70,620 $75,180

Windham Terrace Apartments is managed by PK Management, LLC.

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