Jefferson Oaks is managed by Community Housing Network.
Jefferson Oaks features the adaptive reuse of the vacant Thomas Jefferson School building, including 20 one- and two-bedroom apartments and community space. The community also includes an additional 40 three- and four-bedroom townhome-style units. Twenty one of the units are set aside for supportive housing with project-based rental assistance.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Call for Price |
2 Bedroom (2/1) | - | Call for Price |
3 Bedroom Townhome (3/1) | - | Call for Price |
4 Bedroom Townhouse (4/1) | - | Call for Price |
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 Oak Park but actual income limits may differ for units at Jefferson Oaks.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $33,150 | $37,900 | $42,650 | $47,350 | $51,150 | $54,950 | $58,750 | $62,550 |
Low Income (60%) | $39,780 | $45,480 | $51,180 | $56,820 | $61,380 | $65,940 | $70,500 | $75,060 |
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.