Reinvented Senior Living

Because of program requirements, households made up entirely of full-time students must meet one of the following exceptions to qualify:

• At least one student is married and files a joint tax return.

• At least one student is enrolled in a job training program receiving assistance under the Job Training Partnership Act or a similar federal, state, or local program.

• At least one student was formerly in foster care.

• At least one student receives Temporary Assistance for Needy Families (TANF) benefits.

• The household consists of a single parent and their children, and neither the parent nor the children are claimed as dependents by another individual.

To qualify for a LIHTC home at Illinois Street Senior, your household’s gross (pre-tax) annual income must be within the limits listed below. The income limits provided reflect the highest set-aside offered at our community and may not represent every home available. Some homes may have lower income limits based on their specific program designation. If you have questions about your eligibility, please reach out — we’re here to help!

• 1 Person per Household - $46,500

• 2 People per Household - $53,160

• 3 People per Household - $59,820

• 4 People per Household - $66,420

• 5 People per Household - $71,760

• 6 People per Household - $77,100

• 7 People per Household - $82,380

• 8 People per Household - $87,720

*Amounts updated as of 05.1.2025, contact the Leasing Office for most up to date information.

The LIHTC program was designed to make quality housing more affordable. It allows communities like Illinois Street Senior to offer homes at reduced rental rates to households that meet specific income and eligibility guidelines.

How do I know if I qualify for a LIHTC home?
Eligibility is primarily based on your household’s gross (pre-tax) annual income and full-time student status. Review the Students and Income Limits sections above for more details. Our leasing team is available to answer any questions you have!

Are all homes at Illinois Street Senior part of the LIHTC program?
Yes, every home at Illinois Street Senior is income-restricted through the LIHTC program. All residents must meet the program’s income and eligibility requirements to qualify.

What if my income is over the limit?
Because all homes at Illinois Street Senior are income-restricted, households exceeding the income limits would not qualify. If that’s the case, we’re happy to recommend other housing options in the area.

Do I have to be a first-time renter to qualify?
No, first-time renter status is not required. Eligibility is determined by your income and student status — not your rental history.

What happens if my income changes after I move in?
If your household income increases after you move in, you are typically allowed to stay. However, certain program rules may apply if your income rises significantly. Our team will guide you through any next steps if needed.

Can full-time students live in a LIHTC home?
Yes, but only under certain exceptions. If everyone in your household is a full-time student, you must meet one of the specific exceptions listed in the Students section to qualify.

What documents will I need to provide?
Applicants will need to provide documents verifying household income, student status (if applicable), and other basic application materials. Our team will share a checklist with you to make the process smooth and straightforward.