About This Property
Chestnut Ridge Apts comprises 12 low-income units in Litchfield, Illinois, with a mix of six one-bedroom and six two-bedroom floor plans. The property has been in service since 1988 and operates in Montgomery County. Interested parties may contact the property management for leasing information.
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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Litchfield, 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 Chestnut Ridge Apts is typically 30% of household income or less.
What size apartments are available at Chestnut Ridge Apts?+
Chestnut Ridge Apts offers the following unit types: 6 One-Bedroom, 6 Two-Bedroom units, for a total of 12 units.
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.
Who manages Chestnut Ridge Apts?+
Chestnut Ridge Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Chestnut Ridge Apts?+
Chestnut Ridge 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 Litchfield, IL?+
Based on Fair Market Rent for Montgomery County, the estimated price range is: 1-bedroom: $614, 2-bedroom: $807. Actual rent at Chestnut Ridge Apts may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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