About This Property
New Life Assoc provides 39 low-income residential units in Chicago, IL, consisting of 33 two-bedroom and 6 three-bedroom apartments designed to serve families. The property has been in service since 1993 and is financed through 4% Low-Income Housing Tax Credits. Interested parties can contact the property management for additional information and availability.
Waitlist Information
Waitlist managed by Chicago Housing Authority
CHA properties serve families, seniors (62+ or 55+), and offer supportive housing. Applicants may apply for multiple waitlists.
The Housing Choice Voucher (Section 8) waitlist was last open in October 2014, adding applicants by random lottery; no preferences were confirmed.
Waitlist data provided by section8waitlist.org
Updated October 22, 2026
Property Details
Fair Market Rent - Cook 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 | $1,399 |
| 1 Bedroom | $1,507 |
| 2 Bedroom | $1,714 |
| 3 Bedroom | $2,182 |
| 4 Bedroom | $2,583 |
Income Limits - Cook County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,600
- Very Low (50%)
- $32,650
- Low (80%)
- $52,200
- Extremely Low (30%)
- $22,400
- Very Low (50%)
- $37,300
- Low (80%)
- $59,650
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $41,950
- Low (80%)
- $67,100
- Extremely Low (30%)
- $27,950
- Very Low (50%)
- $46,600
- Low (80%)
- $74,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,350
- Low (80%)
- $80,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,100
- Low (80%)
- $86,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $57,800
- Low (80%)
- $92,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $61,550
- Low (80%)
- $98,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,600 | $32,650 | $52,200 |
| 2 Persons | $22,400 | $37,300 | $59,650 |
| 3 Persons | $25,200 | $41,950 | $67,100 |
| 4 Persons | $27,950 | $46,600 | $74,550 |
| 5 Persons | $31,040 | $50,350 | $80,550 |
| 6 Persons | $35,580 | $54,100 | $86,500 |
| 7 Persons | $40,120 | $57,800 | $92,450 |
| 8 Persons | $44,660 | $61,550 | $98,450 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Chicago, IL?+
The Fair Market Rent (FMR) for Cook County, IL is: $1399 (Studio), $1507 (1BR), $1714 (2BR), $2182 (3BR), $2583 (4BR). Actual rent at subsidized properties like New Life Assoc is typically 30% of household income or less.
What size apartments are available at New Life Assoc?+
New Life Assoc offers the following unit types: 33 Two-Bedroom, 6 Three-Bedroom units, for a total of 39 units.
What are the income limits for affordable housing in Cook County, IL?+
For a 4-person household in Cook County, IL, the income limits are: Extremely Low Income (30% AMI): $27,950, Very Low Income (50% AMI): $46,600, Low Income (80% AMI): $74,550. These limits are set by HUD and updated annually.
Is there a waitlist for New Life Assoc?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at New Life Assoc?+
New Life Assoc 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 manages New Life Assoc?+
New Life Assoc is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Chicago, IL?+
Based on Fair Market Rent for Cook County, the estimated price range is: 2-bedroom: $1714, 3-bedroom: $2182. Actual rent at New Life Assoc may be lower for income-eligible households.
Who is eligible to live at New Life Assoc?+
New Life Assoc primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near New Life Assoc
Oasis Senior Living
Chicago, IL
217 UnitsWashington Courts Apts
Chicago, IL
22 Units401-3 S Kilbourn
Chicago, IL
10 UnitsLavergne Courts
Chicago, IL
158 UnitsAnathoth Gardens
Chicago, IL
40 UnitsAustin Square
Chicago, IL
166 Units