MYERS PLACE

1585 DEMPSTER ST, Mount Prospect, Illinois 60056

Myers Place is a mixed-use development in Mount Prospect that provides 39 units of permanent supportive housing for persons living with disabilities. At its initial opening, Myers Place was not only the first permanent supportive housing project of its size in the market area, but was also a first for the northwestern suburbs at large. The development provides individualized supportive services in the form of classes, case management, counseling, transportation assistance, and health screenings. These services are provided voluntarily to tenants. The first floor features a leased commercial space.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
1 Bedroom (1/1)	-	Call for Price

Eligibility for MYERS PLACE

MYERS PLACE Details

25 studio and one bedroom units.
Section 8 Project-Based Voucher (PBV)
Section 811 PRA
Low-Income Housing Tax Credit (LIHTC)

Section 811 PRA

Some of the units at this property have received funding through HUD's Section 811 Project Rental Assistance (PRA) Program. For these PRA funded units, tenants must be extremely low-income (at or below 30% of Area Median Income) and at least one adult member of the household must have a disability. The person with the disability must be eligible for community-based, long-term services as provided under the state’s plan for medical assistance under Title XIX of the Social Security Act (Medicaid), state funded services or other appropriate services defined in the written partnership agreement.

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.