About This Property
Lena Retreat offers 24 low-income units in Lena, Illinois, serving elderly residents. The property includes 21 one-bedroom and 3 two-bedroom apartments and has been in service since 1997. This non-profit owned community utilizes 9% LIHTC credits to support affordable housing.
Property Details
Fair Market Rent - Stephenson 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 | $552 |
| 1 Bedroom | $620 |
| 2 Bedroom | $814 |
| 3 Bedroom | $997 |
| 4 Bedroom | $1,136 |
Income Limits - Stephenson 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 Lena, IL?+
The Fair Market Rent (FMR) for Stephenson County, IL is: $552 (Studio), $620 (1BR), $814 (2BR), $997 (3BR), $1136 (4BR). Actual rent at subsidized properties like Lena Retreat is typically 30% of household income or less.
What size apartments are available at Lena Retreat?+
Lena Retreat offers the following unit types: 21 One-Bedroom, 3 Two-Bedroom units, for a total of 24 units.
Who manages Lena Retreat?+
Lena Retreat is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Stephenson County, IL?+
For a 4-person household in Stephenson 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 is eligible to live at Lena Retreat?+
Lena Retreat 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 Lena Retreat?+
Lena Retreat 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 Lena, IL?+
Based on Fair Market Rent for Stephenson County, the estimated price range is: 1-bedroom: $620, 2-bedroom: $814. Actual rent at Lena Retreat 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.