About This Property
Zimmet Square Apts comprises 20 low-income units in Farmersville, IL, with a mix of 10 one-bedroom and 10 two-bedroom apartments designed to serve families. The property has been in service since 1996 and utilizes 4% Low-Income Housing Tax Credits to support affordability. The development provides rental housing options for households meeting low-income eligibility requirements in Montgomery County.
Property Details
Fair Market Rent - Montgomery 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 | $579 |
| 1 Bedroom | $614 |
| 2 Bedroom | $807 |
| 3 Bedroom | $1,074 |
| 4 Bedroom | $1,075 |
Income Limits - Montgomery County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,800
- Low (80%)
- $38,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,200
- Low (80%)
- $43,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,600
- Low (80%)
- $48,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,700
- Low (80%)
- $58,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,400
- Low (80%)
- $63,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,100
- Low (80%)
- $67,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,850
- Low (80%)
- $71,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,800 | $38,050 |
| 2 Persons | $17,420 | $27,200 | $43,450 |
| 3 Persons | $21,960 | $30,600 | $48,900 |
| 4 Persons | $26,500 | $33,950 | $54,300 |
| 5 Persons | $31,040 | $36,700 | $58,650 |
| 6 Persons | $35,580 | $39,400 | $63,000 |
| 7 Persons | $40,120 | $42,100 | $67,350 |
| 8 Persons | $44,660 | $44,850 | $71,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Farmersville, IL?+
The Fair Market Rent (FMR) for Montgomery County, IL is: $579 (Studio), $614 (1BR), $807 (2BR), $1074 (3BR), $1075 (4BR). Actual rent at subsidized properties like Zimmet Square Apts is typically 30% of household income or less.
What size apartments are available at Zimmet Square Apts?+
Zimmet Square Apts offers the following unit types: 10 One-Bedroom, 10 Two-Bedroom units, for a total of 20 units.
Who is eligible to live at Zimmet Square Apts?+
Zimmet Square Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Zimmet Square Apts?+
Zimmet Square Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Montgomery County, IL?+
For a 4-person household in Montgomery County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,950, Low Income (80% AMI): $54,300. These limits are set by HUD and updated annually.
What is the price range for apartments in Farmersville, IL?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 1-bedroom: $614, 2-bedroom: $807. Actual rent at Zimmet Square Apts may be lower for income-eligible households.
How do I apply for housing at Zimmet Square Apts?+
Zimmet Square 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.
Contact Information
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