Colchester Apartments

592-598 Coal Street, Colchester, Illinois 62326

Contact Colchester Apartments

Colchester Apartments is an affordable housing community that offers something for everyone. Each of the 1- and 2-bedroom apartments features energy-efficient appliances and air conditioners. This community is conveniently located 1 minute from Sugar and Spice and Casey’s General Store, 2 minutes from West Prairie Schools, The Full Scoop, and Thomas Acres, 4 minutes from Friendway Park, and 17 minutes from Walmart.

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

Eligibility for Colchester 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 Colchester but actual income limits may differ for units at Colchester Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$17,400	$19,850	$24,860	$30,000
50%	$28,950	$33,050	$37,200	$41,300
80%	$46,300	$52,900	$59,500	$66,100

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 Colchester but actual income limits may differ for units at Colchester Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$28,950	$33,050	$37,200	$41,300
Low Income (60%)	$34,740	$39,660	$44,640	$49,560

Colchester Apartments Details

16 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

On-Site Manager
Off-Street Parking
Bicycle Storage
On-Site Maintenance
Laundry Facilities
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Window Coverings
Carpet
Hardwood Floors
Refrigerator
Extra Storage
Energy Efficient Appliances
Large Closets

Office Hours

Day	Hours
Tuesday	9:00am-5:00pm
Thursday	9:00am-5:00pm

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.