Drexel Horizon Senior Living Community Cicero

About This Building

Drexel Horizon Senior Living Community in Cicero: Affordable Housing Option Supported by LIHTC - Introduction Drexel Horizon Senior Living Community in Cicero, IL, offers low-income housing through the Low-Income Housing Tax Credit (LIHTC) program. If you are seeking an affordable place to live, these rental apartments are designed to accommodate individuals with income restrictions set by the program. - Providing Affordable Housing The LIHTC program aims to encourage builders and developers to offer affordable housing options to individuals with low income. As a result, the rent charged for these apartments is based on the Area Median Income (AMI), ensuring that they remain affordable for eligible individuals. However, please note that the AMI-based rent may still be challenging for some low-income individuals. - Checking Affordability It's crucial to review the current rental rates to determine if they align with your budget. While this apartment complex offers affordable options, it's essential to ensure that it fits within your financial means. The number provided can be used to inquire about the current rental rates and verify if it suits your needs. - Availability and Waiting Lists Drexel Horizon Senior Living Community features 72 low-income apartments. Given the high demand for affordable housing, there may be waiting lists for these units. To learn more about the application process and potential eligibility, it's recommended to contact the apartment complex directly. - Important Consideration For those interested in renting one of these units, it's essential to understand that income from all expected adult occupants must be included and verified during the application process. This ensures compliance with the program's requirements. For further information and specific details, it is recommended to contact the apartment complex. - Apartment Details The available apartments in Drexel Horizon Senior Living Community Cicero consist of one bedroom units. These units are designed to meet the needs of individuals seeking affordable housing in the area. By restructuring the text and using different wording, the essential information about Drexel Horizon Senior Living Community in Cicero, IL, is conveyed in a distinct manner.