About This Property
Walnut Grove Apts comprises 23 low-income units in Walnut, IL, with a mix of 9 one-bedroom and 14 two-bedroom floor plans. The property has been in service since 1996 and operates under 4% Low-Income Housing Tax Credit financing. Current management and contact information are available upon request.
Property Details
Fair Market Rent - Bureau 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 | $603 |
| 1 Bedroom | $677 |
| 2 Bedroom | $890 |
| 3 Bedroom | $1,093 |
| 4 Bedroom | $1,284 |
Income Limits - Bureau County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,100
- Very Low (50%)
- $25,200
- Low (80%)
- $40,250
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,800
- Low (80%)
- $46,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,400
- Low (80%)
- $51,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,950
- Low (80%)
- $57,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,850
- Low (80%)
- $62,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,750
- Low (80%)
- $66,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,600
- Low (80%)
- $71,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,500
- Low (80%)
- $75,900
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,100 | $25,200 | $40,250 |
| 2 Persons | $17,420 | $28,800 | $46,000 |
| 3 Persons | $21,960 | $32,400 | $51,750 |
| 4 Persons | $26,500 | $35,950 | $57,500 |
| 5 Persons | $31,040 | $38,850 | $62,100 |
| 6 Persons | $35,580 | $41,750 | $66,700 |
| 7 Persons | $40,120 | $44,600 | $71,300 |
| 8 Persons | $44,660 | $47,500 | $75,900 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Walnut, IL?+
The Fair Market Rent (FMR) for Bureau County, IL is: $603 (Studio), $677 (1BR), $890 (2BR), $1093 (3BR), $1284 (4BR). Actual rent at subsidized properties like Walnut Grove Apts is typically 30% of household income or less.
What size apartments are available at Walnut Grove Apts?+
Walnut Grove Apts offers the following unit types: 9 One-Bedroom, 14 Two-Bedroom units, for a total of 23 units.
How do I apply for housing at Walnut Grove Apts?+
Walnut Grove Apts 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.
What are the income limits for affordable housing in Bureau County, IL?+
For a 4-person household in Bureau County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,950, Low Income (80% AMI): $57,500. These limits are set by HUD and updated annually.
What is the price range for apartments in Walnut, IL?+
Based on Fair Market Rent for Bureau County, the estimated price range is: 1-bedroom: $677, 2-bedroom: $890. Actual rent at Walnut Grove Apts may be lower for income-eligible households.
Who manages Walnut Grove Apts?+
Walnut Grove Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.