Water's Edge

326 South Des Plaines Street, Joliet, Illinois 60436

Contact Water's Edge

Water’s Edge, a beautiful new affordable housing community is being developed by Hope Bound Development Corporation, the instrumentality of the Housing Authority of Joliet, previously known as “Will County Housing Development Corporation.” Proudly, Water’s Edge is our third redevelopment project in the City of Joliet.

A $21MM project, Water’s Edge will consist of 68 single family and townhouse style homes, located on the site with Wallace Street to DesPlaines Street, McDonough Street to Water Street, and Water Street to Wallace Street. The first five homes are expected to be ready for May 1, 2017, lease-up.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom One Bath (1/1)	604	Call for Price
Two Bedroom One Bath (2/1)	864	Call for Price
Two Bedroom One in a half Bath (2/1.5)	864	Call for Price
Three Bedroom One in a half Bath (3/1.5)	1	Call for Price
Three Bedroom Two Bath (3/2)	1	Call for Price

Eligibility for Water's Edge

Water's Edge Details

68 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Landscaping
Garage and Surface Parking
New and Renovated Apartment Homes

Unit Amenities

Yard

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.