About This Property
Cottage Apts is a 50-unit affordable housing community in Normal, Illinois that has served low-income residents since 2011. The property includes 45 one-bedroom units and 5 two-bedroom units. All units are designated as low-income 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 Normal, 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 Cottage Apts is typically 30% of household income or less.
What size apartments are available at Cottage Apts?+
Cottage Apts offers the following unit types: 45 One-Bedroom, 5 Two-Bedroom units, for a total of 50 units.
How do I apply for housing at Cottage Apts?+
Cottage 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.
What is the price range for apartments in Normal, IL?+
Based on Fair Market Rent for McLean County, the estimated price range is: 1-bedroom: $869, 2-bedroom: $1103. Actual rent at Cottage Apts may be lower for income-eligible households.
Who manages Cottage Apts?+
Cottage Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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