About This Property
Lake Matherville Manor Apts comprises 24 low-income rental units in Matherville, IL, with a mix of two 1-bedroom and twenty-two 2-bedroom apartments. The property has been in service since 2011 and serves residents in Mercer County seeking affordable housing options.
Property Details
Fair Market Rent - Mercer 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 | $646 |
| 1 Bedroom | $773 |
| 2 Bedroom | $953 |
| 3 Bedroom | $1,247 |
| 4 Bedroom | $1,437 |
Income Limits - Mercer County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,050
- Very Low (50%)
- $26,750
- Low (80%)
- $42,750
- Extremely Low (30%)
- $18,350
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,150
- Low (80%)
- $61,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,250
- Low (80%)
- $65,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,300
- Low (80%)
- $70,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,400
- Low (80%)
- $80,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,050 | $26,750 | $42,750 |
| 2 Persons | $18,350 | $30,550 | $48,850 |
| 3 Persons | $21,960 | $34,350 | $54,950 |
| 4 Persons | $26,500 | $38,150 | $61,050 |
| 5 Persons | $31,040 | $41,250 | $65,950 |
| 6 Persons | $35,580 | $44,300 | $70,850 |
| 7 Persons | $40,120 | $47,350 | $75,750 |
| 8 Persons | $44,660 | $50,400 | $80,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Matherville, IL?+
The Fair Market Rent (FMR) for Mercer County, IL is: $646 (Studio), $773 (1BR), $953 (2BR), $1247 (3BR), $1437 (4BR). Actual rent at subsidized properties like Lake Matherville Manor Apts is typically 30% of household income or less.
What size apartments are available at Lake Matherville Manor Apts?+
Lake Matherville Manor Apts offers the following unit types: 2 One-Bedroom, 22 Two-Bedroom units, for a total of 24 units.
What are the income limits for affordable housing in Mercer County, IL?+
For a 4-person household in Mercer County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,150, Low Income (80% AMI): $61,050. These limits are set by HUD and updated annually.
How do I apply for housing at Lake Matherville Manor Apts?+
Lake Matherville Manor 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 Matherville, IL?+
Based on Fair Market Rent for Mercer County, the estimated price range is: 1-bedroom: $773, 2-bedroom: $953. Actual rent at Lake Matherville Manor Apts may be lower for income-eligible households.
Who manages Lake Matherville Manor Apts?+
Lake Matherville Manor 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
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
