About This Property
Rider Place of Arcola contains 56 low-income residential units in Arcola, Illinois, consisting of 8 one-bedroom, 34 two-bedroom, and 14 three-bedroom apartments. The property was placed in service in 2019 and is financed through 9% Low-Income Housing Tax Credits. The development is professionally managed to serve the community's affordable housing needs.
Property Details
Fair Market Rent - Douglas 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 | $699 |
| 1 Bedroom | $703 |
| 2 Bedroom | $820 |
| 3 Bedroom | $1,077 |
| 4 Bedroom | $1,144 |
Income Limits - Douglas County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,350
- Very Low (50%)
- $23,850
- Low (80%)
- $38,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,250
- Low (80%)
- $43,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,650
- Low (80%)
- $49,050
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,050
- Low (80%)
- $54,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,800
- Low (80%)
- $58,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,500
- Low (80%)
- $63,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,250
- Low (80%)
- $67,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,950
- Low (80%)
- $71,950
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,350 | $23,850 | $38,150 |
| 2 Persons | $17,420 | $27,250 | $43,600 |
| 3 Persons | $21,960 | $30,650 | $49,050 |
| 4 Persons | $26,500 | $34,050 | $54,500 |
| 5 Persons | $31,040 | $36,800 | $58,900 |
| 6 Persons | $35,580 | $39,500 | $63,250 |
| 7 Persons | $40,120 | $42,250 | $67,600 |
| 8 Persons | $44,660 | $44,950 | $71,950 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Arcola, IL?+
The Fair Market Rent (FMR) for Douglas County, IL is: $699 (Studio), $703 (1BR), $820 (2BR), $1077 (3BR), $1144 (4BR). Actual rent at subsidized properties like Rider Place of Arcola is typically 30% of household income or less.
What size apartments are available at Rider Place of Arcola?+
Rider Place of Arcola offers the following unit types: 8 One-Bedroom, 34 Two-Bedroom, 14 Three-Bedroom units, for a total of 56 units.
What are the income limits for affordable housing in Douglas County, IL?+
For a 4-person household in Douglas County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,050, Low Income (80% AMI): $54,500. These limits are set by HUD and updated annually.
Who manages Rider Place of Arcola?+
Rider Place of Arcola is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Arcola, IL?+
Based on Fair Market Rent for Douglas County, the estimated price range is: 1-bedroom: $703, 2-bedroom: $820, 3-bedroom: $1077. Actual rent at Rider Place of Arcola may be lower for income-eligible households.
How do I apply for housing at Rider Place of Arcola?+
Rider Place of Arcola 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.