About This Property
Lexington Place Apts comprises 12 two-bedroom units in Lexington, Illinois, serving low-income households. The property has been in service since 1995 and is financed through 4% Low-Income Housing Tax Credits. All 12 units are designated as affordable housing.
Property Details
Fair Market Rent - McLean 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 | $782 |
| 1 Bedroom | $869 |
| 2 Bedroom | $1,103 |
| 3 Bedroom | $1,536 |
| 4 Bedroom | $1,541 |
Income Limits - McLean County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $19,600
- Very Low (50%)
- $32,650
- Low (80%)
- $52,200
- Extremely Low (30%)
- $22,400
- Very Low (50%)
- $37,300
- Low (80%)
- $59,650
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $41,950
- Low (80%)
- $67,100
- Extremely Low (30%)
- $27,950
- Very Low (50%)
- $46,600
- Low (80%)
- $74,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $50,350
- Low (80%)
- $80,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $54,100
- Low (80%)
- $86,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $57,800
- Low (80%)
- $92,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $61,550
- Low (80%)
- $98,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $19,600 | $32,650 | $52,200 |
| 2 Persons | $22,400 | $37,300 | $59,650 |
| 3 Persons | $25,200 | $41,950 | $67,100 |
| 4 Persons | $27,950 | $46,600 | $74,550 |
| 5 Persons | $31,040 | $50,350 | $80,550 |
| 6 Persons | $35,580 | $54,100 | $86,500 |
| 7 Persons | $40,120 | $57,800 | $92,450 |
| 8 Persons | $44,660 | $61,550 | $98,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lexington, IL?+
The Fair Market Rent (FMR) for McLean County, IL is: $782 (Studio), $869 (1BR), $1103 (2BR), $1536 (3BR), $1541 (4BR). Actual rent at subsidized properties like Lexington Place Apts is typically 30% of household income or less.
What size apartments are available at Lexington Place Apts?+
Lexington Place Apts offers the following unit types: 12 Two-Bedroom units, for a total of 12 units.
How do I apply for housing at Lexington Place Apts?+
Lexington Place 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 McLean County, IL?+
For a 4-person household in McLean County, IL, the income limits are: Extremely Low Income (30% AMI): $27,950, Very Low Income (50% AMI): $46,600, Low Income (80% AMI): $74,550. These limits are set by HUD and updated annually.
Who manages Lexington Place Apts?+
Lexington Place Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lexington, IL?+
Based on Fair Market Rent for McLean County, the estimated price range is: 2-bedroom: $1103. Actual rent at Lexington Place Apts may be lower for income-eligible households.
Contact Information
Walk Score
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Nearby Schools
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