Cinnamon Lake Towers

2701 Glen Flora Avenue, Waukegan, Illinois 60085

Contact Cinnamon Lake Towers

Cinnamon Lake Towers offers you the experience of upscale living in a charming lakeside neighborhood. They offer studio, one and two bedroom apartments ranging from $575 to $760.

Unit (Bd/Ba)	Ft²	Rent
studio (Studio/1)	432	$775
1 Bedroom (1/1)	633	$875
2 Bedroom (2/1.5)	920	$975

Eligibility for Cinnamon Lake Towers

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 Waukegan but actual income limits may differ for units at Cinnamon Lake Towers.

AMI Band	1 Person	2 Person	3 Person	4 Person
50%	$38,650	$44,150	$49,650	$55,150

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 Waukegan but actual income limits may differ for units at Cinnamon Lake Towers.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$38,650	$44,150	$49,650	$55,150
Low Income (60%)	$46,380	$52,980	$59,580	$66,180

Cinnamon Lake Towers Details

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

Property Amenities

Elevator
Tennis Court
Clubhouse
Swimming pool

Unit Amenities

Balconies or Patios Available

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 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.