Chelsea Commons

55 Chelsea Ave, Sugar Grove, Illinois 60554

Contact Chelsea Commons

Chelsea Commons offers affordable senior apartments for those aged 62 and older. Thoughtfully designed to be both functional and attractive, Chelsea Commons is intended to meet the growing demand for affordable senior housing in the Village of Sugar Grove, IL.

Chelsea Commons consists of one 3-story building with 40 senior living apartment homes. Each unit features a spacious floor plan, with options of one and two-bedroom layouts. Enjoy the convenience of community spaces and private homes all in one building!

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	715	Call for Price
Two Bedroom (2/2)	1070	Call for Price

Eligibility for Chelsea Commons

Chelsea Commons Details

40 one and two bedroom units.
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Fitness Center
Community Room
Laundry Facilities

Unit Amenities

All Appliances included
Security System
Balconies or Patios Available
Washer and Dryer Included
Individual heating and cooling systems

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

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.