About This Property
Park Place comprises 20 one-bedroom units in Mazon, IL designed to serve elderly residents. The property was placed in service in 2007 and operates as a low-income housing community funded through 9% Low-Income Housing Tax Credits. Current management and contact information are available upon inquiry.
Property Details
Fair Market Rent - Grundy 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 | $1,025 |
| 1 Bedroom | $1,134 |
| 2 Bedroom | $1,490 |
| 3 Bedroom | $1,947 |
| 4 Bedroom | $1,984 |
Income Limits - Grundy County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,000
- Very Low (50%)
- $31,650
- Low (80%)
- $50,600
- Extremely Low (30%)
- $21,700
- Very Low (50%)
- $36,150
- Low (80%)
- $57,800
- Extremely Low (30%)
- $24,400
- Very Low (50%)
- $40,650
- Low (80%)
- $65,050
- Extremely Low (30%)
- $27,100
- Very Low (50%)
- $45,150
- Low (80%)
- $72,250
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $48,800
- Low (80%)
- $78,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $52,400
- Low (80%)
- $83,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $56,000
- Low (80%)
- $89,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $59,600
- Low (80%)
- $95,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,000 | $31,650 | $50,600 |
| 2 Persons | $21,700 | $36,150 | $57,800 |
| 3 Persons | $24,400 | $40,650 | $65,050 |
| 4 Persons | $27,100 | $45,150 | $72,250 |
| 5 Persons | $31,040 | $48,800 | $78,050 |
| 6 Persons | $35,580 | $52,400 | $83,850 |
| 7 Persons | $40,120 | $56,000 | $89,600 |
| 8 Persons | $44,660 | $59,600 | $95,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mazon, IL?+
The Fair Market Rent (FMR) for Grundy County, IL is: $1025 (Studio), $1134 (1BR), $1490 (2BR), $1947 (3BR), $1984 (4BR). Actual rent at subsidized properties like Park Place is typically 30% of household income or less.
What size apartments are available at Park Place?+
Park Place offers the following unit types: 20 One-Bedroom units, for a total of 20 units.
Who manages Park Place?+
Park Place is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Park Place?+
Park Place 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 Grundy County, IL?+
For a 4-person household in Grundy County, IL, the income limits are: Extremely Low Income (30% AMI): $27,100, Very Low Income (50% AMI): $45,150, Low Income (80% AMI): $72,250. These limits are set by HUD and updated annually.
Who is eligible to live at Park Place?+
Park Place primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Mazon, IL?+
Based on Fair Market Rent for Grundy County, the estimated price range is: 1-bedroom: $1134. Actual rent at Park Place may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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