Lake Matherville Manor Apartments

400 5th Avenue, Matherville, Illinois 61263

Contact Lake Matherville Manor Apartments

Lake Matherville Manor is a friendly community that offers something for everyone to live an active and social life with a laundry facility, community center, and more. Each of the 1- and 2-bedroom apartments feature energy efficient electric appliances. This community is conveniently located 1 minute from The Paddock Bar & Grill, Jim Taylor Shelter, and the Little Store of Matherville, 2 minutes from Lake Matherville, 3 minutes from Matherville Elementary, 9 minutes from Morrison’s Market, 18 minutes from Walmart, 26 minutes from Shouth Park Mall and Target, and 30 minutes from Davenport and Moline.

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

Eligibility for Lake Matherville Manor 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 Lake Matherville Manor 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 Lake Matherville Manor 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

Lake Matherville Manor Apartments Details

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

Property Amenities

BBQ and Picnic Area
Business Center
On-Site Manager
Off-Street Parking
On-Site Maintenance
Laundry Facilities
High Speed Internet Access
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Carpet
Scenic View
Refrigerator
Balconies or Patios Available
Large Closets

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	By Appointment , 8:00am-4:00pm
Friday	By Appointment , 8:00am-4:00pm

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.

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.