Stone Terrace LIHTCPB Section 8 Chicago, IL
Profile last updated · Data vintage: HUD FY2025
Stone Terrace is a Project-Based Section 8 community in Chicago, IL with 154 units reporting 86% occupancy. Assisted residents pay about $396/month on average.
154
total units
86%
occupancy
$396
avg resident rent
—
reported wait
Resident & program facts (HUD-reported)
| Program(s) | Project-Based Section 8, Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | 8440 S Parnell Ave, Chicago, IL 60620 Map → |
| Average household income | $16,729/yr |
| Average personal income | $7,412/yr |
| People per unit | 2.3 |
| Moved in within last year | 14% |
| Households below 30% AMI | 80% |
| Households below 50% AMI | 97% |
| One-bedroom share | 13% |
How to apply at Stone Terrace
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 8440 S Parnell Ave, Chicago; 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 (~$396/mo average here).
Other subsidized housing in Chicago
- Altgeld Gardens I Public Housing
- Region 1 Small Units Public Housing
- Lawndale Restoration LIHTC
- The Pavilion Apts LIHTCPB Section 8
- Parkway Gardens LIHTCPB Section 8
- Dearborn Homes Public Housing
- Hilliard Homes LIHTC
- Hilliard Homes I LIHTCPB Section 8
- Marshall Field Garden Apartments LIHTC
- Marshall Field Garden Apt Homes PB Section 8
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| St Leo Residence LIHTCPB Section 8 | Chicago | 1.1 km |
| Frank Lowden Homes Public Housing | Chicago | 2.4 km |
| Anchor House LIHTCPB Section 8 | Chicago | 2.4 km |
| Chatham Park South Cooperative PB Section 8 | Chicago | 2.5 km |
| Continental Plaza Apartments LIHTCPB Section 8 | Chicago | 2.8 km |
| Englewood Gardens LIHTC | Chicago | 3.3 km |
| Region 4 Small Units Public Housing | Chicago | 3.4 km |
| Englewood Garden Apartments PB Section 8 | Chicago | 3.4 km |
← All subsidized housing in Chicago
Frequently asked questions
What kind of subsidy does Stone Terrace have?
Project-Based Section 8; 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 Stone Terrace?
Residents report average rents near $396/month in HUD administrative data. Under most federal programs you pay roughly 30% of adjusted income — your actual amount depends on household income and unit size.
How do I apply at Stone Terrace?
Contact the management office at 8440 S Parnell Ave in Chicago. 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.