Colonial Park Apts LIHTC Park City, IL
Profile last updated · Data vintage: HUD LIHTC 2024
Colonial Park Apts is a Low-Income Housing Tax Credit (LIHTC) community in Park City, IL with 240 units. Rents are set relative to household income.
240
total units
—
occupancy
—
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | 748 Sharon Ave, Park City, IL 60085 Map → |
| Tax-credit (LI) units | 240 |
| Placed in service | 2011 |
How to apply at Colonial Park Apts
LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
- Call or visit the management office at 748 Sharon Ave, Park City; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget.
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Green Bay Manor Apts LIHTCPB Section 8 | Waukegan | 1.1 km |
| Waukegan Apts LIHTC | Waukegan | 1.4 km |
| Whispering Oaks Apts LIHTC | Waukegan | 2 km |
| Whispering Oaks Phase 1 PB Section 8 | Waukegan | 2 km |
| Armory Terrace Homes Public Housing | Waukegan | 2 km |
| Kings Court Apts LIHTCPB Section 8 | Waukegan | 2.4 km |
| Heritage Woods of Gurnee LIHTC | Gurnee | 2.4 km |
| Assisi Homes of Gurnee §202 Senior | Gurnee | 2.4 km |
← All subsidized housing in Park City
Frequently asked questions
What kind of subsidy does Colonial Park Apts have?
Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at Colonial Park Apts?
Rents are income-based: expect to pay roughly 30% of adjusted monthly household income under the building's federal program.
How do I apply at Colonial Park Apts?
Contact the management office at 748 Sharon Ave in Park City. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.