About This Property
Forest View Apts VII contains 12 low-income units in Mulberry Grove, IL, consisting of four 1-bedroom and eight 2-bedroom apartments. The property has been in service since 1993 and is financed through 4% Low-Income Housing Tax Credits. These units serve families seeking affordable rental housing in Bond County.
Property Details
Fair Market Rent - Bond County, IL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $605 |
| 1 Bedroom | $794 |
| 2 Bedroom | $893 |
| 3 Bedroom | $1,163 |
| 4 Bedroom | $1,342 |
Income Limits - Bond County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,850
- Very Low (50%)
- $26,400
- Low (80%)
- $42,250
- Extremely Low (30%)
- $18,100
- Very Low (50%)
- $30,200
- Low (80%)
- $48,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,700
- Low (80%)
- $60,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,750
- Low (80%)
- $65,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,750
- Low (80%)
- $69,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,750
- Low (80%)
- $74,800
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,800
- Low (80%)
- $79,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,850 | $26,400 | $42,250 |
| 2 Persons | $18,100 | $30,200 | $48,250 |
| 3 Persons | $21,960 | $33,950 | $54,300 |
| 4 Persons | $26,500 | $37,700 | $60,300 |
| 5 Persons | $31,040 | $40,750 | $65,150 |
| 6 Persons | $35,580 | $43,750 | $69,950 |
| 7 Persons | $40,120 | $46,750 | $74,800 |
| 8 Persons | $44,660 | $49,800 | $79,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mulberry Grove, IL?+
The Fair Market Rent (FMR) for Bond County, IL is: $605 (Studio), $794 (1BR), $893 (2BR), $1163 (3BR), $1342 (4BR). Actual rent at subsidized properties like Forest View Apts Vii is typically 30% of household income or less.
What size apartments are available at Forest View Apts Vii?+
Forest View Apts Vii offers the following unit types: 4 One-Bedroom, 8 Two-Bedroom units, for a total of 12 units.
Who manages Forest View Apts Vii?+
Forest View Apts Vii is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Mulberry Grove, IL?+
Based on Fair Market Rent for Bond County, the estimated price range is: 1-bedroom: $794, 2-bedroom: $893. Actual rent at Forest View Apts Vii may be lower for income-eligible households.
What are the income limits for affordable housing in Bond County, IL?+
For a 4-person household in Bond County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,700, Low Income (80% AMI): $60,300. These limits are set by HUD and updated annually.
How do I apply for housing at Forest View Apts Vii?+
Forest View Apts Vii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at Forest View Apts Vii?+
Forest View Apts Vii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Location
Bond County, IL
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