Montclare Sr. Residences of Calumet Heights

9401 South Stony Island Avenue, Chicago, Illinois 60617

This new development will be in the Cal Heights community on the south side of Chicago. Construction will begin Spring of 2019 and occupancy in Spring of 2020.

Montclare Senior Residences of Calumet Heights is a new construction, mixed-income housing development for independent seniors 62 years and older located will be located at 9401 S Stony Island in Chicago. The Project is a single 7-story building with 134 one-and two-bedroom dwelling units. The residential units will be targeted to extremely-low, very-low and low-income households and includes 34 project-based vouchers from the Chicago Housing Authority.

Eligibility for Montclare Sr. Residences of Calumet Heights

Montclare Sr. Residences of Calumet Heights Details

134 bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Fitness Center
Computer Lab
Community Room
Library
On-Site Parking
Outings events & activities
Landscaping
Barber Shop and Beauty Salon
High Speed Internet Access
Laundry Facility

Unit Amenities

Cable Ready
Washer and Dryer Included

Nearby Amenities

Close to Public Transportation
Near Shopping

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.