Tolono Manor Apartments

About This Building

Location: Tolono Manor Apartments Tolono, IL Affordable Housing Option: Supported by LIHTC Overview: Tolono Manor Apartments in Tolono, IL offers low-income housing options through the Low-Income Housing Tax Credit (LIHTC) program. This program provides incentives to builders and developers to ensure affordable housing is available for individuals with low incomes. Rent and Income Restrictions: These rental apartments have program rent and income restrictions in place. The maximum rent charged is based on the Area Median Income (AMI). However, it is important to note that the AMI may still make this apartment unaffordable for low-income individuals. We recommend checking the current rental rates to determine affordability. Number of Apartments: Tolono Manor Apartments consists of 16 low-income apartments. It is common for apartments to have waiting lists, so we encourage you to contact them directly to inquire about availability. Application and Qualification: To apply and qualify for residency at Tolono Manor Apartments, all adults expected to reside at the apartment must include and verify their income during the application process. For more details, please reach out to the provided contact number. Understanding LIHTC: It is crucial to have knowledge about Low-Income Tax Credit (LIHTC) units for rent. These units are a part of the LIHTC program, which aims to provide affordable housing for low-income individuals.