Rand Grove Village

748 Rand Grove Ln, Palatine, Illinois 60074

Contact Rand Grove Village

Rand Grove Village is a 212-unit development with all units subsidized through a HUD project-based Section 8 contract. The property is located at 773 E. Rand Grove Lane, Palatine, IL 60074. The property was originally constructed in 1976 and offers one, two, three, and four-bedroom units. All units are located within ten two-story buildings. Common amenities include a manager’s office, picnic area, community garden, business center, basketball court, clubhouse/meeting room, and central laundry room. Rand Grove Village was acquired by PPD in December 2016 for $35,000,000. Renovations on this property began March 2017.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Call for Price
2 Bedroom (2/1)	-	Call for Price
3 Bedroom (3/1)	-	Call for Price
4 Bedroom (4/1)	-	Call for Price

Eligibility for Rand Grove Village

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 Palatine but actual income limits may differ for units at Rand Grove Village.

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

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 Palatine but actual income limits may differ for units at Rand Grove Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$38,650	$44,150	$49,650	$55,150	$59,600	$64,000	$68,400	$72,800

Rand Grove Village Details

212 one, two, three and four bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)

Office Hours

Day	Hours
Monday	9:00am-5:00pm
Tuesday	9:00am-5:00pm
Wednesday	9:00am-5:00pm
Thursday	9:00am-5:00pm
Friday	9:00am-5:00pm

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.