Town Center Apartments is managed by Steadfast Companies.
Located in the heart of the newest retail area in Champaign-Urbana. Town Center offers spacious two- and three-bedroom apartments ranging from 930 to 1,185 square feet. Rents are affordably priced from $431 to $749. Conveniently located near Market Place Mall, Wal-Mart, Menards, and multiple dining establishments. On the bus line.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | 930 | $669 |
Three Bedroom (3/1) | 1185 | $769 |
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 Champaign but actual income limits may differ for units at Town Center Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $33,850 | $38,700 | $43,550 | $48,350 | $52,250 | $56,100 |
Low Income (60%) | $40,620 | $46,440 | $52,260 | $58,020 | $62,700 | $67,320 |
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.