About This Property
Homestead Place of Springfield Lp offers 60 low-income units in Springfield, Illinois, serving elderly residents. The property contains 36 one-bedroom and 24 two-bedroom apartments and has been in service since 1995. This development utilizes 4% Low-Income Housing Tax Credits to provide affordable housing options.
Waitlist Information
Waitlist managed by Springfield Housing Authority
Applications are accepted Monday & Tuesday 8:30 am-11:30 am & 1:00 pm-4:00 pm. Local Residency Preference (25 points), Working Family Preference (50 points), Elderly Household Preference (50 points), and Disable Family Preference (50 points) are available.
Applications are only taken for special programs (VASH, FUP, Homeownership, PBV, etc.). Applications for special programs are accepted Tuesdays from 8:30 am-11:30 am & 1:00 pm-4:00 pm. Local Residency Preference (25 points) and Local Employment Preference (30 points) are available.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
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 Springfield, 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 Homestead Place of Springfield Lp is typically 30% of household income or less.
What size apartments are available at Homestead Place of Springfield Lp?+
Homestead Place of Springfield Lp offers the following unit types: 36 One-Bedroom, 24 Two-Bedroom units, for a total of 60 units.
What is the price range for apartments in Springfield, IL?+
Based on Fair Market Rent for Sangamon County, the estimated price range is: 1-bedroom: $873, 2-bedroom: $1070. Actual rent at Homestead Place of Springfield Lp may be lower for income-eligible households.
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 manages Homestead Place of Springfield Lp?+
Homestead Place of Springfield Lp is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Homestead Place of Springfield Lp?+
Homestead Place of Springfield Lp primarily serves elderly residents. 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 Homestead Place of Springfield Lp?+
Homestead Place of Springfield Lp 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.
Is there a waitlist for Homestead Place of Springfield Lp?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date 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.
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