About This Property
Lida Lake Estates comprises 72 low-income units in Rochelle, IL, serving families with a mix of one-, two-, and three-bedroom apartments. The property has been in service since 1995 and is financed through 4% Low-Income Housing Tax Credits. The community offers 12 one-bedroom, 48 two-bedroom, and 12 three-bedroom units.
Property Details
Fair Market Rent - Ogle 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 | $674 |
| 1 Bedroom | $709 |
| 2 Bedroom | $932 |
| 3 Bedroom | $1,182 |
| 4 Bedroom | $1,241 |
Income Limits - Ogle County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,950
- Very Low (50%)
- $26,550
- Low (80%)
- $42,500
- Extremely Low (30%)
- $18,200
- Very Low (50%)
- $30,350
- Low (80%)
- $48,550
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,150
- Low (80%)
- $54,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,900
- Low (80%)
- $60,650
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,950
- Low (80%)
- $65,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,000
- Low (80%)
- $70,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,000
- Low (80%)
- $75,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,050
- Low (80%)
- $80,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,950 | $26,550 | $42,500 |
| 2 Persons | $18,200 | $30,350 | $48,550 |
| 3 Persons | $21,960 | $34,150 | $54,600 |
| 4 Persons | $26,500 | $37,900 | $60,650 |
| 5 Persons | $31,040 | $40,950 | $65,550 |
| 6 Persons | $35,580 | $44,000 | $70,400 |
| 7 Persons | $40,120 | $47,000 | $75,250 |
| 8 Persons | $44,660 | $50,050 | $80,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rochelle, IL?+
The Fair Market Rent (FMR) for Ogle County, IL is: $674 (Studio), $709 (1BR), $932 (2BR), $1182 (3BR), $1241 (4BR). Actual rent at subsidized properties like Lida Lake Estates is typically 30% of household income or less.
What size apartments are available at Lida Lake Estates?+
Lida Lake Estates offers the following unit types: 12 One-Bedroom, 48 Two-Bedroom, 12 Three-Bedroom units, for a total of 72 units.
What is the price range for apartments in Rochelle, IL?+
Based on Fair Market Rent for Ogle County, the estimated price range is: 1-bedroom: $709, 2-bedroom: $932, 3-bedroom: $1182. Actual rent at Lida Lake Estates may be lower for income-eligible households.
How do I apply for housing at Lida Lake Estates?+
Lida Lake Estates 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.
Who is eligible to live at Lida Lake Estates?+
Lida Lake Estates primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Lida Lake Estates?+
Lida Lake Estates is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Ogle County, IL?+
For a 4-person household in Ogle County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,900, Low Income (80% AMI): $60,650. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.