Why Choose LIHTC Housing?
Tax credit properties offer affordable rents in professionally managed communities
Below Market Rent
Rent set at affordable rates based on AMI
Quality Housing
Modern, well-maintained apartment communities
No Voucher Needed
Apply directly to the property
Long-term Stability
Properties committed to affordability for 15-30 years
Eligibility Requirements
LIHTC properties have specific income requirements that vary by property:
- Income at or below 60% of Area Median Income (AMI)
- Meet property-specific income requirements (some at 30%, 40%, or 50% AMI)
- Pass rental history and background screening
- Provide income verification documentation
- Household size appropriate for unit size
Income Limits (2024) - 60% AMI
Chicago-Naperville-Elgin Metropolitan Area
Household SizeMax Income
1 Person$43,860
2 Persons$50,160
3 Persons$56,400
4 Persons$62,640
5 Persons$67,680
6 Persons$72,660
Quality You Can Count On
LIHTC properties must meet strict quality standards and are regularly inspected to ensure safe, well-maintained housing.
- Modern appliances and finishes
- Community amenities (fitness, pool, etc.)
- On-site management and maintenance
- Energy-efficient construction
- Safe, well-lit communities
- Pet-friendly options available
Compliance Monitored
Properties are regularly inspected to ensure quality and fair practices
Long-term Affordability
Properties remain affordable for 15-30 years under program requirements