About This Property
Royal Lakes Senior Apts comprises 8 low-income units in Royal Lakes, IL, featuring a mix of seven 1-bedroom and one 2-bedroom apartments. The property has served families since being placed in service in 1994 and is located in Macoupin County.
Property Details
Fair Market Rent - Macoupin 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 | $712 |
| 1 Bedroom | $717 |
| 2 Bedroom | $942 |
| 3 Bedroom | $1,235 |
| 4 Bedroom | $1,428 |
Income Limits - Macoupin County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,500
- Very Low (50%)
- $24,150
- Low (80%)
- $38,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,600
- Low (80%)
- $44,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,050
- Low (80%)
- $49,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,450
- Low (80%)
- $55,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,250
- Low (80%)
- $59,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,750
- Low (80%)
- $68,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,500
- Low (80%)
- $72,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,500 | $24,150 | $38,600 |
| 2 Persons | $17,420 | $27,600 | $44,100 |
| 3 Persons | $21,960 | $31,050 | $49,600 |
| 4 Persons | $26,500 | $34,450 | $55,100 |
| 5 Persons | $31,040 | $37,250 | $59,550 |
| 6 Persons | $35,580 | $40,000 | $63,950 |
| 7 Persons | $40,120 | $42,750 | $68,350 |
| 8 Persons | $44,660 | $45,500 | $72,750 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Royal Lakes, IL?+
The Fair Market Rent (FMR) for Macoupin County, IL is: $712 (Studio), $717 (1BR), $942 (2BR), $1235 (3BR), $1428 (4BR). Actual rent at subsidized properties like Royal Lakes Senior Apts is typically 30% of household income or less.
What size apartments are available at Royal Lakes Senior Apts?+
Royal Lakes Senior Apts offers the following unit types: 7 One-Bedroom, 1 Two-Bedroom units, for a total of 8 units.
How do I apply for housing at Royal Lakes Senior Apts?+
Royal Lakes Senior 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 is the price range for apartments in Royal Lakes, IL?+
Based on Fair Market Rent for Macoupin County, the estimated price range is: 1-bedroom: $717, 2-bedroom: $942. Actual rent at Royal Lakes Senior Apts may be lower for income-eligible households.
Who is eligible to live at Royal Lakes Senior Apts?+
Royal Lakes Senior Apts primarily serves families. 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 Macoupin County, IL?+
For a 4-person household in Macoupin County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,450, Low Income (80% AMI): $55,100. These limits are set by HUD and updated annually.
Who manages Royal Lakes Senior Apts?+
Royal Lakes Senior Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
