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Transformation Housing III

7000 South Parnell Avenue

CHICAGO , IL 60621

☑ Section 8 accepted | Add to favorites | Making a rental inquiry

Total apartment units: 55

Assisted housing category: Subsidized, No HUD Financing

Owner organization name: Transforming Housing III LLC

Management agent organization name: Transformation Housing, LLC

Management agent main phone number: 312-445-0562

Management agent email address: vlv@vlvdevelopment.com

Hud Administered ind: Y

Contract doc type: HAP

Program type: PD/8 Existing

Rent to FMR ratio: 121.1847248

Rent to FMR description: Between 121% & 130% FMR

Total 1bedroom units: 13

Total 2bedroom units: 28

Total 3bedroom units: 14

1bedroom: $1,076.00 per month

2bedrooms: $1,248.00 per month

3bedrooms: $1,585.00 per month

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2024 Fair Market Rents in Chicago, IL 60621 with Section 8 Assistance

In 2024, Fair Market Rents (FMRs) in Chicago, IL 60621 offer diverse housing options, including those relevant to Section 8 assistance:

Efficiency: $945 (low) to $1,155 (high) per month
One-Bedrooms: $1,017 (low) to $1,243 (high) per month
Two-Bedrooms: $1,152 (low) to $1,408 (high) per month
Three-Bedrooms: $1,467 (low) to $1,793 (high) per month
Four-Bedrooms: $1,737 (low) to $2,123 (high) per month

These FMRs offer choices for various budgets and Section 8 housing requirements in the Chicago, IL 60621 providing valuable resources for both tenants and landlords.

The prices mentioned include utilities; however, if the property owner doesn't cover utilities, the rent may be lower. Additionally, keep in mind that each housing authority sets its own price limits, so it's advisable to reach out to the housing authority to inquire about the allowable rental rates.

To apply for Section 8 housing, you can check your income against the Chicago-Joliet-Naperville, IL HUD Metro FMR Area Housing Choice voucher income limit to determine your eligibility.

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