Thornwood House Apartments

1 Thornwood Mall, University Park, Illinois 60484

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Thornwood House Apartments is managed by The Community Builders, Inc..

"Welcome to Thornwood House, conveniently located in the prime area of University Park in Chicago. Our affordable apartment community is properly designed for the elderly and or disabled that meet the established income guidelines.
 
Thoughtfully designed with comfort and convenience in mind, our floor plans feature a wide array of stylishly appointed amenities including energy efficient appliances, multiple community spaces, air-conditioning, private balconies in select units, and spectacular views! You'll appreciate fine quality that provides the perfect retreat from the busy world. Enjoy a home that meets your lifestyle needs and tour our community today."

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 470 Call for Price
Afforable Waitlist is Open Now

Last updated on July 9th, 2020

Eligibility for Thornwood House 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 University Park but actual income limits may differ for units at Thornwood House Apartments.

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

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 University Park but actual income limits may differ for units at Thornwood House Apartments.

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
Low Income (60%) $46,380 $52,980 $59,580 $66,180 $71,520 $76,800 $82,080 $87,360

Thornwood House Apartments Details

  • 183 one bedroom units.
  • High Rise
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 221 (d) (3)
  • Section 236

Property Amenities

  • Community Room
  • On-Site Manager
  • Off-Street Parking
  • On-Site Maintenance
  • Laundry Facility

Unit Amenities

  • Intercom System

Office Hours

Day Hours
Monday 8:30am-5:00pm
Tuesday 8:30am-5:00pm
Wednesday 8:30am-5:00pm
Thursday 8:30am-5:00pm
Friday 8:30am-5:00pm
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.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.

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