Aspen Court

1557 Hunter St, Urbana, Illinois 61802

Nestled on 10 acres in the city of Urbana, you can find the newly remodeled Aspen Court Apartments. Aspen Court features 28 buildings consisting of 140 apartment homes. Residents enjoy the self-service laundry along with easy access to the leasing office and community room.

 

Unit (Bd/Ba) Ft2 Rent
One Bedroom One Bath (The Beech) (1/1) 590 Call for Price
Two Bedroom One in a half Bath (The Sugar Maple) (2/1.5) 865 Call for Price
Three Bedroom One in a half Bath (The Post Oak) (3/1.5) 1 Call for Price

Eligibility for Aspen Court

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 Urbana but actual income limits may differ for units at Aspen Court.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
30% $20,300 $23,200 $26,100 $30,000 $35,140 $40,280
50% $33,850 $38,700 $43,550 $48,350 $52,250 $56,100
80% $54,150 $61,900 $69,650 $77,350 $83,550 $89,750

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 Urbana but actual income limits may differ for units at Aspen Court.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low Income (50%) $33,850 $38,700 $43,550 $48,350 $52,250 $56,100

Aspen Court Details

  • 140 one, two and three bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 221 (d) (3)
  • Section 236

Property Amenities

  • Controlled Access
  • Playground
  • On-Site Manager
  • On-Site Maintenance
  • Garage and Surface Parking

Unit Amenities

  • Air Conditioning
  • Refrigerator

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.

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.

Nearby Low Income Apartment Communities like Aspen Court

Highland Green

102 East Stebbins Drive
Urbana, Illinois
Rent Assisted
LIHTC
Call For Rent
1-3 BR