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Renaissance North: Affordable Housing Option in Chicago, IL Introduction: Renaissance North is a tax credit apartment complex located in Chicago, IL, providing affordable housing options for low-income individuals. These rental apartments are supported by the Low-Income Housing Tax Credit (LIHTC) program, offering rental rates and income restrictions for eligible applicants. Incentives for Affordable Housing: The LIHTC program incentivizes builders and developers to offer affordable housing to individuals with low incomes. Under this program, the maximum rent charged is determined based on the Area Median Income (AMI) in the area. However, it is important to note that the AMI may still make this apartment unaffordable for some low-income individuals. Therefore, it is advisable to check the current rental rates and evaluate affordability before applying. Apartment Details: Renaissance North offers a total of 59 low-income apartments. Due to the high demand for affordable housing, it is common for most apartments to have waiting lists. To explore your eligibility and apply to live here, we provide the direct contact number for your convenience. Amenities: Enjoy a range of amenities to enhance your living experience at Renaissance North: - Air Conditioning - Balcony - Cable Ready - Ceiling Fan(s) - Elevator - Stainless Steel Appliances - Extra Storage - Bike Storage - Breakfast Bar - Covered Parking - On-Site Laundry Facility Important Application Details: To ensure fairness, income verification of all adults expected to reside in the apartment is required at the time of application. For more information and detailed requirements, please call the provided contact. Apartment Types: Renaissance North offers both one and two-bedroom apartments. Explore the options below: - 1 Bedroom Apartments at Location - 2 Bedroom Apartments at Location By structuring the text with clear headings, we aim to provide a comprehensive overview of Renaissance North, its affordable housing opportunities, amenities, application process, and apartment types.
551 West North Avenue, Chicago, IL 60610
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