About This Property
Franklin Green contains 12 two-bedroom units in Franklin Grove, IL designed to serve disabled residents. The property was placed in service in 2001 and provides low-income housing options. All 12 units are available through this affordable housing community.
Property Details
Fair Market Rent - Lee 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 | $553 |
| 1 Bedroom | $710 |
| 2 Bedroom | $807 |
| 3 Bedroom | $1,137 |
| 4 Bedroom | $1,188 |
Income Limits - Lee County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,350
- Very Low (50%)
- $27,200
- Low (80%)
- $43,550
- Extremely Low (30%)
- $18,650
- Very Low (50%)
- $31,100
- Low (80%)
- $49,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,000
- Low (80%)
- $55,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,850
- Low (80%)
- $62,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,000
- Low (80%)
- $67,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,100
- Low (80%)
- $72,100
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,200
- Low (80%)
- $77,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,300
- Low (80%)
- $82,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,350 | $27,200 | $43,550 |
| 2 Persons | $18,650 | $31,100 | $49,750 |
| 3 Persons | $21,960 | $35,000 | $55,950 |
| 4 Persons | $26,500 | $38,850 | $62,150 |
| 5 Persons | $31,040 | $42,000 | $67,150 |
| 6 Persons | $35,580 | $45,100 | $72,100 |
| 7 Persons | $40,120 | $48,200 | $77,100 |
| 8 Persons | $44,660 | $51,300 | $82,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Franklin Grove, IL?+
The Fair Market Rent (FMR) for Lee County, IL is: $553 (Studio), $710 (1BR), $807 (2BR), $1137 (3BR), $1188 (4BR). Actual rent at subsidized properties like Franklin Green is typically 30% of household income or less.
What size apartments are available at Franklin Green?+
Franklin Green offers the following unit types: 12 Two-Bedroom units, for a total of 12 units.
Who manages Franklin Green?+
Franklin Green is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Franklin Grove, IL?+
Based on Fair Market Rent for Lee County, the estimated price range is: 2-bedroom: $807. Actual rent at Franklin Green may be lower for income-eligible households.
Who is eligible to live at Franklin Green?+
Franklin Green primarily serves 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 Lee County, IL?+
For a 4-person household in Lee County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,850, Low Income (80% AMI): $62,150. These limits are set by HUD and updated annually.
How do I apply for housing at Franklin Green?+
Franklin Green 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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
