Prospect Homes
8842 N Prospect St, Niles, Illinois 60714
Contact Prospect Homes
Prospect Homes is managed by Housing Opportunity Development Corporation.
12 unit supportive housing project
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| unit (1/1) | - | Income Based |
General Waiting List is Closed
Closed until further notice. No inquires accepted.
Last updated on May 3rd, 2017Eligibility for Prospect Homes
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 Niles but actual income limits may differ for units at Prospect Homes.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $23,200 | $26,500 | $29,800 | $33,100 | $35,750 | $40,280 | $45,420 | $50,560 |
| 50% | $38,650 | $44,150 | $49,650 | $55,150 | $59,600 | $64,000 | $68,400 | $72,800 |
| 80% | $61,800 | $70,600 | $79,450 | $88,250 | $95,350 | $102,400 | $109,450 | $116,500 |
Prospect Homes Details
- 12 one bedroom units.
- Water and Sewer utilities included in rent
- Electricity utility included in rent
- Heat utility included in rent
- Section 202 Supportive Housing for the Elderly
Office Hours
| Day | Hours |
|---|---|
| Monday | 9:00am-5:00am |
| Tuesday | 9:00am-5:00am |
| Wednesday | 9:00am-5:00am |
| Thursday | 9:00am-5:00am |
| Friday | 9:00am-5:00am |
Section 202 Supportive Housing for the Elderly
Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.
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