Palmer Square Apartments

About This Building

Affordable Housing Option in Chicago: Palmer Square Apartments Welcome to Palmer Square Apartments, a Low-Income Housing Tax Credit (LIHTC) designated apartment community in the heart of Chicago, IL. If you are searching for an affordable housing option, our rental apartments are backed by the LIHTC program, offering rent and income restrictions for eligible individuals. Supporting Low-Income Individuals: The LIHTC program prompts builders and developers to provide housing options for low-income individuals by offering incentives. However, please note that the maximum rent is determined based on the Area Median Income (AMI). Due to this calculation, it is possible that this apartment may still be unaffordable for some low-income residents. To assess affordability, we recommend checking our current rental rates. An Abundance of Low-Income Apartments: At Palmer Square Apartments, we proudly offer a total of 160 low-income apartments. Please be aware that popular demand often leads to waiting lists for most apartments in today's market. However, we are here to assist you by providing direct contact information. Feel free to call us at the number provided to inquire about availability and eligibility. Array of Amenities: Our apartments come with a range of amenities to enhance your comfort and convenience. Enjoy the following features: - 24-hour on-call live-in maintenance - Appliances included - Central heat & air conditioning (excluding 12 units) - Window air conditioning (12 units) - Utilities (heat) included in rent (12 units) - Community room with wheelchair lift - Computer technology center - Controlled entry - Laundry facilities - Newly rehabilitated units - On-site management office - Parking lot - Playground Important Information about LIHTC Units for Rent: When applying for residency at Palmer Square Apartments, it is crucial to include and verify the income of all intended adult residents. For further details, please don't hesitate to contact us. Spacious Floor Plans: Our apartment community offers a variety of floor plans to cater to different needs: - 1 bedroom apartments - 2 bedroom apartments - 3 bedroom apartments We hope these headings help structure the text and provide you with comprehensive information about Palmer Square Apartments. If you have any questions or wish to apply, please reach out to us directly. We look forward to assisting you in finding an affordable housing solution in Chicago!