About This Property
Hamilton on the Park consists of 36 low-income residential units in Urbana, Illinois, with a unit mix of four 1-bedroom, twelve 2-bedroom, and twenty 3-bedroom apartments. The property has been in service since 2013. For more information, contact the property management office.
Property Details
Fair Market Rent - Champaign 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 | $880 |
| 1 Bedroom | $885 |
| 2 Bedroom | $1,049 |
| 3 Bedroom | $1,372 |
| 4 Bedroom | $1,397 |
Income Limits - Champaign County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,150
- Very Low (50%)
- $30,250
- Low (80%)
- $48,400
- Extremely Low (30%)
- $20,750
- Very Low (50%)
- $34,600
- Low (80%)
- $55,300
- Extremely Low (30%)
- $23,350
- Very Low (50%)
- $38,900
- Low (80%)
- $62,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,200
- Low (80%)
- $69,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,700
- Low (80%)
- $74,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,150
- Low (80%)
- $80,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,600
- Low (80%)
- $85,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,050
- Low (80%)
- $91,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,150 | $30,250 | $48,400 |
| 2 Persons | $20,750 | $34,600 | $55,300 |
| 3 Persons | $23,350 | $38,900 | $62,200 |
| 4 Persons | $26,500 | $43,200 | $69,100 |
| 5 Persons | $31,040 | $46,700 | $74,650 |
| 6 Persons | $35,580 | $50,150 | $80,200 |
| 7 Persons | $40,120 | $53,600 | $85,700 |
| 8 Persons | $44,660 | $57,050 | $91,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Urbana, IL?+
The Fair Market Rent (FMR) for Champaign County, IL is: $880 (Studio), $885 (1BR), $1049 (2BR), $1372 (3BR), $1397 (4BR). Actual rent at subsidized properties like Hamilton on the Park is typically 30% of household income or less.
What size apartments are available at Hamilton on the Park?+
Hamilton on the Park offers the following unit types: 4 One-Bedroom, 12 Two-Bedroom, 20 Three-Bedroom units, for a total of 36 units.
How do I apply for housing at Hamilton on the Park?+
Hamilton on the Park 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 is the price range for apartments in Urbana, IL?+
Based on Fair Market Rent for Champaign County, the estimated price range is: 1-bedroom: $885, 2-bedroom: $1049, 3-bedroom: $1372. Actual rent at Hamilton on the Park may be lower for income-eligible households.
What are the income limits for affordable housing in Champaign County, IL?+
For a 4-person household in Champaign County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,200, Low Income (80% AMI): $69,100. These limits are set by HUD and updated annually.
Who manages Hamilton on the Park?+
Hamilton on the Park is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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