Elmcrest Apartments is managed by Geneva Housing Authority.
Located in a residential neighborhood near the Lakefront and downtown shopping. The Elmcrest is a modern apartment complex that provides 85 units ranging from efficiencies to 2-bedroom apartments.
The Elmcrest Apartments consists of 75 apartments for households in which the head and/or the spouse/co-head is age 62 or older. There are both 1- and 2bedroom units. On-site amenities include a site office staffed part-time, laundry facilities, a Community Room, computers for resident use, a secure entry system, and ample off-street parking. A stop on the RTS bus route is located at the curb by the entry to the Elmcrest Apartments. The average wait time for an apartment at the Elmcrest Apartments is from 1 month to 3 years, depending on apartment size and availability.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
One Bedroom (1/1) | - | Call for Price |
Two Bedroom (2/1) | - | 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 a HUD rental assistance program in Geneva but actual income limits may differ for units at Elmcrest Apartments.
AMI Band | 1 Person | 2 Person |
---|---|---|
30% | $19,950 | $22,800 |
50% | $33,250 | $38,000 |
80% | $53,200 | $60,800 |
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 Geneva but actual income limits may differ for units at Elmcrest Apartments.
AMI Band | 1 Person | 2 Person |
---|---|---|
Very Low Income (50%) | $33,250 | $38,000 |
Low Income (60%) | $39,900 | $45,600 |
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.