Altamont Senior Residences

406 East Cumberland Road, Altamont, Illinois 62411

Altamont Senior Residences is an affordable community offering one and two bedroom units for seniors 55 and older. For more information and to apply, please visit their website.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price

This property is currently under construction.

This property is expected be completed and ready for leasing in November 2019.

Eligibility for Altamont Senior Residences

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Altamont but actual income limits may differ for units at Altamont Senior Residences.

AMI Band	1 Person	2 Person	3 Person	4 Person
Low Income (60%)	$36,240	$41,400	$46,560	$51,720

Altamont Senior Residences Details

30 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Fitness Center
Community Room
Library
On-Site Parking

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.