1222 Marketplace Dr, Yorkville, IL 60560
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey, Corporate, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $1,520 - 1,730 per Month† | 2 - 3 Beds | 2 Baths | - |
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.
Reserve at Fox River, located just north of the Fox River with easy access to North Bridge Street and I-34, is the epitome of a well-appointed community in Yorkville, IL. Here's a breakdown of what makes this community stand out:
Strategic Location: Positioned conveniently, residents enjoy quick access to major routes, ensuring seamless connectivity to surrounding areas.
Landscaped Oasis: Immerse yourself in the beautifully landscaped green spaces within the community, including a refreshing pool, a playground for kids, and a basketball court for recreation.
Comprehensive Community Amenities: The community offers a range of amenities, from a fully-equipped fitness center and clubhouse to convenient laundry facilities, and more—all within the community.
Apartment Comforts: Each residence is thoughtfully designed with features like walk-in closets, washer/dryer connections, included utilities, built-in computer desks (in select floor plans), a patio or balcony for added comfort, and more.
Student-Friendly: Exciting news for students! Reserve at Fox River is now welcoming students, offering a great living environment tailored to their needs.
In summary, Reserve at Fox River is not just a residence; it's a lifestyle enriched with convenience, comfort, and a welcoming community atmosphere. Whether you're seeking a family-friendly environment or a student-friendly space, this community has something special to offer.
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 Reserve at Fox River 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/2) | 1082-1086ft2 | $1,520† |
| Three Bedroom (3/2) | 1148-1228ft2 | $1,730† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $39,200 / year | $44,800 / year | $50,400 / year | $55,950 / year | $60,450 / year | $64,950 / year | $69,400 / year | $73,900 / year |
| 50% AMI for PBRA Units | $39,200 / year | $44,800 / year | $50,400 / year | $55,950 / year | $60,450 / year | $64,950 / year | $69,400 / year | $73,900 / year |
| 60% AMI for LIHTC Units | $47,040 / year | $53,760 / year | $60,480 / year | $67,140 / year | $72,540 / year | $77,940 / year | $83,280 / year | $88,680 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Reserve at Fox River have a waiting list?
Reserve at Fox River 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 Reserve at Fox River?
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 Reserve at Fox River?
Reserve at Fox River is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Reserve at Fox River, how many other affordable housing properties (and units) are there in Yorkville?
In addition to Reserve at Fox River, we list 6 other affordable properties in Yorkville. Learn about these properties here. Our data research shows that there are a total of 332 affordable units in Yorkville.
When was the Reserve at Fox River listing last updated?
Reserve at Fox River listing on Affordable Housing Online was last updated on 01/02/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Tamisha Smith says:
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