Bethel Terrace

900 W 63rd Pkwy, Chicago, Illinois 60621

Contact Bethel Terrace

Affordable housing community offering studio and one (1) bedroom units.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	500	Call for Price
1 Bedroom (1/1)	650	Call for Price

Waiting List is Open Now

The Bethel Terrace waiting list is open until further notice.

Last updated on October 22nd, 2019

Eligibility for Bethel Terrace

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 but actual income limits may differ for units at Bethel Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$23,200	$26,500	$29,800	$33,100	$35,750	$40,280	$45,420	$50,560
50%	$38,650	$44,150	$49,650	$55,150	$59,600	$64,000	$68,400	$72,800
80%	$61,800	$70,600	$79,450	$88,250	$95,350	$102,400	$109,450	$116,500

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 but actual income limits may differ for units at Bethel Terrace.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$38,650	$44,150	$49,650	$55,150	$59,600	$64,000	$68,400	$72,800

Bethel Terrace Details

123 studio and one bedroom units.
Section 202 Supportive Housing for the Elderly
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Voucher (PBV)
Section 221 (d) (3)

Property Amenities

Off-Street Parking

Unit Amenities

Air Conditioning

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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.