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Lincoln Village Apartments

4424 Meadowland Parkway, Marion, Illinois 62959

We appreciate your interest in Lincoln Village Apartments. Our apartments were established in the Marion area in 2017.  We are currently managed by Budslick Management Co., Inc. located in Carbondale, Illinois.

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - $310
Two Bedroom (2/1) - $390
Three Bedroom (3/1) - $498

Eligibility for Lincoln Village Apartments

Lincoln Village Apartments Details

  • 56 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program
  • Section 538 Guaranteed Rural Rental Housing

Property Amenities

  • Playground
  • 24hr Emergency Maintenance
  • On-Site Parking
  • Lawn Care

Unit Amenities

  • Central Air
  • Handicapped Accessible
  • Washer and Dryer Hookup
  • Security System
  • Refrigerator
  • Trash Included
  • Stove
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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Section 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.