About This Property
Villa Ridge Apts II comprises 18 one-bedroom units in Watseka, Illinois, providing affordable housing for elderly and disabled residents. The property has been in service since 1992 and is financed through 4% Low-Income Housing Tax Credits. All 18 units serve low-income households.
Property Details
Fair Market Rent - Iroquois 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 | $605 |
| 1 Bedroom | $619 |
| 2 Bedroom | $813 |
| 3 Bedroom | $1,025 |
| 4 Bedroom | $1,112 |
Income Limits - Iroquois County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,350
- Very Low (50%)
- $23,900
- Low (80%)
- $38,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,300
- Low (80%)
- $43,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,700
- Low (80%)
- $49,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,100
- Low (80%)
- $54,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,850
- Low (80%)
- $58,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,600
- Low (80%)
- $63,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,300
- Low (80%)
- $67,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,050
- Low (80%)
- $72,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,350 | $23,900 | $38,200 |
| 2 Persons | $17,420 | $27,300 | $43,650 |
| 3 Persons | $21,960 | $30,700 | $49,100 |
| 4 Persons | $26,500 | $34,100 | $54,550 |
| 5 Persons | $31,040 | $36,850 | $58,950 |
| 6 Persons | $35,580 | $39,600 | $63,300 |
| 7 Persons | $40,120 | $42,300 | $67,650 |
| 8 Persons | $44,660 | $45,050 | $72,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Watseka, IL?+
The Fair Market Rent (FMR) for Iroquois County, IL is: $605 (Studio), $619 (1BR), $813 (2BR), $1025 (3BR), $1112 (4BR). Actual rent at subsidized properties like Villa Ridge Apts Ii is typically 30% of household income or less.
What size apartments are available at Villa Ridge Apts Ii?+
Villa Ridge Apts Ii offers the following unit types: 18 One-Bedroom units, for a total of 18 units.
How do I apply for housing at Villa Ridge Apts Ii?+
Villa Ridge Apts Ii 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 Villa Ridge Apts Ii?+
Villa Ridge Apts Ii is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Villa Ridge Apts Ii?+
Villa Ridge Apts Ii primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Iroquois County, IL?+
For a 4-person household in Iroquois County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,100, Low Income (80% AMI): $54,550. These limits are set by HUD and updated annually.
What is the price range for apartments in Watseka, IL?+
Based on Fair Market Rent for Iroquois County, the estimated price range is: 1-bedroom: $619. Actual rent at Villa Ridge Apts Ii may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.