About This Property
Sycamore Properties comprises 38 low-income units in Farina, Illinois, serving families and disabled residents. The community includes 14 one-bedroom, 20 two-bedroom, and 4 three-bedroom units and has been in service since 2001. This property is managed to provide affordable housing options in Fayette County.
Property Details
Fair Market Rent - Fayette 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 | $596 |
| 1 Bedroom | $708 |
| 2 Bedroom | $807 |
| 3 Bedroom | $1,031 |
| 4 Bedroom | $1,075 |
Income Limits - Fayette County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,800
- Low (80%)
- $38,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,200
- Low (80%)
- $43,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,600
- Low (80%)
- $48,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,700
- Low (80%)
- $58,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,400
- Low (80%)
- $63,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,100
- Low (80%)
- $67,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,850
- Low (80%)
- $71,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,800 | $38,050 |
| 2 Persons | $17,420 | $27,200 | $43,450 |
| 3 Persons | $21,960 | $30,600 | $48,900 |
| 4 Persons | $26,500 | $33,950 | $54,300 |
| 5 Persons | $31,040 | $36,700 | $58,650 |
| 6 Persons | $35,580 | $39,400 | $63,000 |
| 7 Persons | $40,120 | $42,100 | $67,350 |
| 8 Persons | $44,660 | $44,850 | $71,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Farina, IL?+
The Fair Market Rent (FMR) for Fayette County, IL is: $596 (Studio), $708 (1BR), $807 (2BR), $1031 (3BR), $1075 (4BR). Actual rent at subsidized properties like Sycamore Properties is typically 30% of household income or less.
What size apartments are available at Sycamore Properties?+
Sycamore Properties offers the following unit types: 14 One-Bedroom, 20 Two-Bedroom, 4 Three-Bedroom units, for a total of 38 units.
Who manages Sycamore Properties?+
Sycamore Properties is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Farina, IL?+
Based on Fair Market Rent for Fayette County, the estimated price range is: 1-bedroom: $708, 2-bedroom: $807, 3-bedroom: $1031. Actual rent at Sycamore Properties may be lower for income-eligible households.
How do I apply for housing at Sycamore Properties?+
Sycamore Properties 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 Fayette County, IL?+
For a 4-person household in Fayette County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,950, Low Income (80% AMI): $54,300. These limits are set by HUD and updated annually.
Who is eligible to live at Sycamore Properties?+
Sycamore Properties primarily serves families, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
