About This Property
Village Apts of Riverton contains 12 low-income rental units in Riverton, IL, serving elderly and disabled residents. The property includes ten 1-bedroom and two 2-bedroom units and has been in service since 1992. Financing includes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Sangamon 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 | $725 |
| 1 Bedroom | $873 |
| 2 Bedroom | $1,070 |
| 3 Bedroom | $1,421 |
| 4 Bedroom | $1,459 |
Income Limits - Sangamon County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $29,950
- Low (80%)
- $47,900
- Extremely Low (30%)
- $20,550
- Very Low (50%)
- $34,200
- Low (80%)
- $54,750
- Extremely Low (30%)
- $23,100
- Very Low (50%)
- $38,500
- Low (80%)
- $61,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,750
- Low (80%)
- $68,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,200
- Low (80%)
- $73,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,600
- Low (80%)
- $79,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,050
- Low (80%)
- $84,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,450
- Low (80%)
- $90,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,000 | $29,950 | $47,900 |
| 2 Persons | $20,550 | $34,200 | $54,750 |
| 3 Persons | $23,100 | $38,500 | $61,600 |
| 4 Persons | $26,500 | $42,750 | $68,400 |
| 5 Persons | $31,040 | $46,200 | $73,900 |
| 6 Persons | $35,580 | $49,600 | $79,350 |
| 7 Persons | $40,120 | $53,050 | $84,850 |
| 8 Persons | $44,660 | $56,450 | $90,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Riverton, IL?+
The Fair Market Rent (FMR) for Sangamon County, IL is: $725 (Studio), $873 (1BR), $1070 (2BR), $1421 (3BR), $1459 (4BR). Actual rent at subsidized properties like Village Apts of Riverton is typically 30% of household income or less.
What size apartments are available at Village Apts of Riverton?+
Village Apts of Riverton offers the following unit types: 10 One-Bedroom, 2 Two-Bedroom units, for a total of 12 units.
What is the price range for apartments in Riverton, IL?+
Based on Fair Market Rent for Sangamon County, the estimated price range is: 1-bedroom: $873, 2-bedroom: $1070. Actual rent at Village Apts of Riverton may be lower for income-eligible households.
Who manages Village Apts of Riverton?+
Village Apts of Riverton is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Sangamon County, IL?+
For a 4-person household in Sangamon County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,750, Low Income (80% AMI): $68,400. These limits are set by HUD and updated annually.
Who is eligible to live at Village Apts of Riverton?+
Village Apts of Riverton primarily serves elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Village Apts of Riverton?+
Village Apts of Riverton 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
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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