Victoria Square senior community is designed to provide residents 55 and older with moderate incomes, the quality senior living you've earned.
At Victoria Square you will live in a lovely 1-bedroom or 2-bedroom apartment designed for an active senior lifestyle. We know that you will love the many advantages that Victoria Square has to offer, and we would love to have you as a resident.
|1 Bedroom (1/1)||571||Call for Price|
|2 Bedroom (2/1)||-||Call for Price|
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 Lincoln Park but actual income limits may differ for units at Victoria Square.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$33,150||$37,900||$42,650||$47,350||$51,150||$54,950||$58,750||$62,550|
|Low Income (60%)||$39,780||$45,480||$51,180||$56,820||$61,380||$65,940||$70,500||$75,060|
Victoria Square is managed by The Associated Management Company.
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.