Waterman Gardens Apartments

215 E. Duffy Road, Waterman, Illinois 60556

Contact Waterman Gardens Apartments

Waterman Garden Apartments is an elderly community located in Waterman, Illinois that serves residents 62 and older or disabled of any age. Their community offers barrier-free units and the opportunity to stay active and social with a laundry facility, gazebo, community room, and more. Each of their 1 and 2-bedroom apartments include energy-efficient electric appliances. They are conveniently located 2 minutes from Dollar General, Indian Creek Middle School, and USPS, 5 minutes from Lions Park Union Station, 10 minutes from Hinkley Fresh Market, and 20 minutes from Target.

Rental assistance may be available. Apply online today or call to learn more about how you can call Waterman Garden Apartments home.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	From $517
Two Bedroom (2/1)	-	From $550

Eligibility for Waterman Gardens Apartments

Waterman Gardens Apartments Details

24 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Laundry Room
24hr Emergency Maintenance
Off-Street Parking

Unit Amenities

Central Air
Garbage Disposal
Cable Ready
Window Coverings
Carpet

Office Hours

Day	Hours
Tuesday	8:00am-4:30pm
Thursday	8:00am-4:30pm

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 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.