About This Property
Elm Place Apt offers 16 low-income units in Durand, IL, consisting of eight one-bedroom and eight two-bedroom apartments that serve families. The property has been in service since 1995 and receives 4% Low-Income Housing Tax Credit financing. Interested parties can contact the property for additional information and availability.
Property Details
Fair Market Rent - Winnebago 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 | $699 |
| 1 Bedroom | $785 |
| 2 Bedroom | $1,031 |
| 3 Bedroom | $1,380 |
| 4 Bedroom | $1,423 |
Income Limits - Winnebago County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,350
- Very Low (50%)
- $25,550
- Low (80%)
- $40,900
- Extremely Low (30%)
- $17,550
- Very Low (50%)
- $29,200
- Low (80%)
- $46,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,850
- Low (80%)
- $52,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,500
- Low (80%)
- $58,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,450
- Low (80%)
- $63,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,350
- Low (80%)
- $67,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,300
- Low (80%)
- $72,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,200
- Low (80%)
- $77,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,350 | $25,550 | $40,900 |
| 2 Persons | $17,550 | $29,200 | $46,750 |
| 3 Persons | $21,960 | $32,850 | $52,600 |
| 4 Persons | $26,500 | $36,500 | $58,400 |
| 5 Persons | $31,040 | $39,450 | $63,100 |
| 6 Persons | $35,580 | $42,350 | $67,750 |
| 7 Persons | $40,120 | $45,300 | $72,450 |
| 8 Persons | $44,660 | $48,200 | $77,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Durand, IL?+
The Fair Market Rent (FMR) for Winnebago County, IL is: $699 (Studio), $785 (1BR), $1031 (2BR), $1380 (3BR), $1423 (4BR). Actual rent at subsidized properties like Elm Place Apt is typically 30% of household income or less.
What size apartments are available at Elm Place Apt?+
Elm Place Apt offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom units, for a total of 16 units.
Who manages Elm Place Apt?+
Elm Place Apt is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Winnebago County, IL?+
For a 4-person household in Winnebago County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,500, Low Income (80% AMI): $58,400. These limits are set by HUD and updated annually.
What is the price range for apartments in Durand, IL?+
Based on Fair Market Rent for Winnebago County, the estimated price range is: 1-bedroom: $785, 2-bedroom: $1031. Actual rent at Elm Place Apt may be lower for income-eligible households.
How do I apply for housing at Elm Place Apt?+
Elm Place Apt 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 Elm Place Apt?+
Elm Place Apt primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.