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Brookwood Apartments

10-20 Harris Ave., Matherville, Illinois 61263

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Call (309) 754-8860

Brookwood Apartments is managed by TM Associates Management, Inc.

Welcome to Brookwood Apartments, where comfortable living meets affordability in Matherville, IL. This vibrant community features spacious 1- and 2-bedroom affordable apartments designed to suit your lifestyle needs. Nestled amidst the charming Matherville neighborhood, residents enjoy easy access to local hotspots such as the Paddock Bar & Grill and the Little Store of Matherville. Beyond the doorstep, explore nearby parks, walking trails, and community events that make Matherville a welcoming place to call home. Whether you're unwinding in your cozy apartment or exploring the local scene, Brookwood Apartments offers the perfect blend of convenience and comfort.

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

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

AMI Band 1 Person 2 Person 3 Person 4 Person
30% $18,550 $21,200 $24,860 $30,000
50% $30,950 $35,400 $39,800 $44,200
80% $49,500 $56,600 $63,650 $70,700

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 Matherville but actual income limits may differ for units at Brookwood Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person
Very Low Income (50%) $30,950 $35,400 $39,800 $44,200
Low Income (60%) $37,140 $42,480 $47,760 $53,040

Brookwood Apartments Details

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

Property Amenities

  • Off-Street Parking
  • Laundry Facilities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Carpet
  • Refrigerator
  • Extra Storage

Office Hours

Day Hours
Monday 8:00am-4:00pm
Tuesday 8:00am-4:00pm
Wednesday 8:00am-4:00pm
Thursday 8:00am-4:00pm
Friday 8:00am-4:00pm
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.

Images of Brookwood Apartments
Image of Brookwood Apartments