About This Property
Storey Manor comprises 50 low-income units in Cottage Hills, IL, with a mix of 16 two-bedroom, 24 three-bedroom, and 10 four-bedroom apartments. The property was placed in service in 2001 and utilizes 4% LIHTC financing to serve families. Units are available to households meeting low-income eligibility requirements.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Madison 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 | $928 |
| 1 Bedroom | $972 |
| 2 Bedroom | $1,209 |
| 3 Bedroom | $1,565 |
| 4 Bedroom | $1,818 |
Income Limits - Madison County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,850
- Very Low (50%)
- $29,750
- Low (80%)
- $47,550
- Extremely Low (30%)
- $20,400
- Very Low (50%)
- $34,000
- Low (80%)
- $54,350
- Extremely Low (30%)
- $22,950
- Very Low (50%)
- $38,250
- Low (80%)
- $61,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,450
- Low (80%)
- $67,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,850
- Low (80%)
- $73,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,250
- Low (80%)
- $78,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,650
- Low (80%)
- $84,200
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,050
- Low (80%)
- $89,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,850 | $29,750 | $47,550 |
| 2 Persons | $20,400 | $34,000 | $54,350 |
| 3 Persons | $22,950 | $38,250 | $61,150 |
| 4 Persons | $26,500 | $42,450 | $67,900 |
| 5 Persons | $31,040 | $45,850 | $73,350 |
| 6 Persons | $35,580 | $49,250 | $78,800 |
| 7 Persons | $40,120 | $52,650 | $84,200 |
| 8 Persons | $44,660 | $56,050 | $89,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Cottage Hills, IL?+
The Fair Market Rent (FMR) for Madison County, IL is: $928 (Studio), $972 (1BR), $1209 (2BR), $1565 (3BR), $1818 (4BR). Actual rent at subsidized properties like Storey Manor is typically 30% of household income or less.
What size apartments are available at Storey Manor?+
Storey Manor offers the following unit types: 16 Two-Bedroom, 24 Three-Bedroom, 10 Four-Bedroom units, for a total of 50 units.
What is the HUD inspection score for Storey Manor?+
Storey Manor has a HUD inspection score of 95 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Who manages Storey Manor?+
Storey Manor is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Storey Manor?+
Storey Manor primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Storey Manor?+
Storey Manor 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.
What is the price range for apartments in Cottage Hills, IL?+
Based on Fair Market Rent for Madison County, the estimated price range is: 2-bedroom: $1209, 3-bedroom: $1565. Actual rent at Storey Manor may be lower for income-eligible households.
What are the income limits for affordable housing in Madison County, IL?+
For a 4-person household in Madison County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,450, Low Income (80% AMI): $67,900. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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