About This Property
Rose Terrace Apts comprises 36 low-income housing units in Oswego, IL, with 28 one-bedroom and 8 two-bedroom apartments. The property, placed in service in 1996, is funded through 4% Low-Income Housing Tax Credits. The community is managed and available for occupancy in Kendall County.
Property Details
Fair Market Rent - Kendall 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 | $1,180 |
| 1 Bedroom | $1,325 |
| 2 Bedroom | $1,741 |
| 3 Bedroom | $2,453 |
| 4 Bedroom | $2,564 |
Income Limits - Kendall County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $21,450
- Very Low (50%)
- $35,700
- Low (80%)
- $55,950
- Extremely Low (30%)
- $24,500
- Very Low (50%)
- $40,800
- Low (80%)
- $63,950
- Extremely Low (30%)
- $27,550
- Very Low (50%)
- $45,900
- Low (80%)
- $71,950
- Extremely Low (30%)
- $30,600
- Very Low (50%)
- $51,000
- Low (80%)
- $79,900
- Extremely Low (30%)
- $33,050
- Very Low (50%)
- $55,100
- Low (80%)
- $86,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $59,200
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $63,250
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $67,350
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $21,450 | $35,700 | $55,950 |
| 2 Persons | $24,500 | $40,800 | $63,950 |
| 3 Persons | $27,550 | $45,900 | $71,950 |
| 4 Persons | $30,600 | $51,000 | $79,900 |
| 5 Persons | $33,050 | $55,100 | $86,300 |
| 6 Persons | $35,580 | $59,200 | $92,700 |
| 7 Persons | $40,120 | $63,250 | $99,100 |
| 8 Persons | $44,660 | $67,350 | $105,500 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Oswego, IL?+
The Fair Market Rent (FMR) for Kendall County, IL is: $1180 (Studio), $1325 (1BR), $1741 (2BR), $2453 (3BR), $2564 (4BR). Actual rent at subsidized properties like Rose Terrace Apts is typically 30% of household income or less.
What size apartments are available at Rose Terrace Apts?+
Rose Terrace Apts offers the following unit types: 28 One-Bedroom, 8 Two-Bedroom units, for a total of 36 units.
What is the price range for apartments in Oswego, IL?+
Based on Fair Market Rent for Kendall County, the estimated price range is: 1-bedroom: $1325, 2-bedroom: $1741. Actual rent at Rose Terrace Apts may be lower for income-eligible households.
Who manages Rose Terrace Apts?+
Rose Terrace Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Rose Terrace Apts?+
Rose Terrace Apts 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 Kendall County, IL?+
For a 4-person household in Kendall County, IL, the income limits are: Extremely Low Income (30% AMI): $30,600, Very Low Income (50% AMI): $51,000, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Rose Terrace Apts
Fox Pointe Apts
Aurora, IL
248 UnitsFox Shore Apts
Aurora, IL
94 UnitsDiamond Senior Apts
Oswego, IL
60 UnitsAurora Downtown Revitalization
Aurora, IL
76 Units
Housing Authority of the City of Aurora
Aurora, IL
1923 Units
Maple Terrace
Aurora, IL
81 Units