Olympic Village Apartments

31 Olympic Vlg, Chicago Heights, Illinois 60411

Contact Olympic Village Apartments

Olympic Village you’ll find beautiful maple cabinets, ceramic tile baths and energy efficient appliances to make your life comfortable and oh-so-pleasant. Coin operated laundry facilities. Air conditioning. This property offers a swimming pool, ample off street parking, private clubhouse. You can walk to shopping, dining, entertainment and public transportation.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	689	From $925 To $950
2 Bedroom (2/1)	898	$1,050
3 Bedroom (3/2)	1	$1,250

Eligibility for Olympic Village Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Chicago Heights but actual income limits may differ for units at Olympic Village Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
30%	$23,200	$26,500	$29,800	$33,100	$35,750	$40,280
50%	$38,650	$44,150	$49,650	$55,150	$59,600	$64,000
80%	$61,800	$70,600	$79,450	$88,250	$95,350	$102,400

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 Chicago Heights but actual income limits may differ for units at Olympic Village Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$38,650	$44,150	$49,650	$55,150	$59,600	$64,000
Low Income (60%)	$46,380	$52,980	$59,580	$66,180	$71,520	$76,800

Olympic Village Apartments Details

320 one, two and three bedroom units.
Water and Sewer utilities included in rent
Heat utility included in rent
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Swimming pool
Heat Included

Unit Amenities

Walk-in Closet(s)
Water Included
Private Patio and Balcony

Nearby Amenities

Close to Dining
Close to Shopping
Close to Entertainment

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.