The Apartments at 1251 South Michigan

About This Building

The Residences at 1251 South Michigan: Affordable Housing Option in Chicago, IL Introduction: The Residences at 1251 South Michigan offer an affordable housing option in the heart of Chicago, IL. As a Low-Income Housing Tax Credit (LIHTC) apartment complex, these rental apartments are specifically designed to support low-income individuals and families. LIHTC Program: The LIHTC program provides incentives to builders and developers to create affordable housing options for those with low incomes. By participating in this program, The Residences at 1251 South Michigan aim to cater to the needs of low-income persons seeking affordable housing in the city. Affordability Considerations: While these apartments are indeed geared towards low-income individuals, it is important to note that the maximum rent charged is determined by the Area Median Income (AMI). This may result in some units being unaffordable for certain low-income individuals. We encourage interested individuals to check the current rental rates to assess affordability. Apartment Details: The Residences at 1251 South Michigan consist of 91 low-income apartments. These apartments are thoughtfully designed to meet the needs of prospective residents. Office Hours: To assist you further, our office hours are as follows: - Monday to Friday: 9 am to 6 pm - Saturday: 10 am to 5 pm Waiting Lists and Application Process: It is common for apartments to have waiting lists, including ours. We provide this listing so that you may contact us directly using the number provided. In doing so, you can inquire about the application process and determine whether you meet the qualifications to reside in our community. Tip: Understanding LIHTC Units for Rent: We recommend familiarizing yourself with the concept of Low-Income Tax Credit (LIHTC) units for rent. This will enhance your understanding of the program and the benefits it offers for individuals in need of affordable housing. Income Verification: When applying for residency, it is essential to include and verify the income of all adults expected to reside in the apartment. For more details on income verification, please contact us directly. 1 Bedroom Apartments: The Residences at 1251 South Michigan offer comfortable and spacious 1 bedroom apartments. These units cater to individuals or small families in search of affordable housing options in Chicago. Conclusion: The Residences at 1251 South Michigan provide an affordable housing option through the LIHTC program. With their dedication to serving low-income individuals and families, these apartments strive to create a welcoming community in the vibrant city of Chicago.