Oak Woods (Ihda)

Overview

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Oak Woods (Ihda) in Peoria, Illinois offers affordable housing options with a variety of rental assistance programs, including Section 8 and LIHTC 40/60 Set-Aside. This community is designed to provide comfortable living spaces for low-income families and individuals, ensuring that everyone has access to safe and decent housing.

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The property boasts a variety of amenities that cater to the needs of its residents. These include modern facilities and services that enhance the quality of life. Oak Woods (Ihda) is committed to maintaining a welcoming environment where residents can enjoy a sense of community and security.

Located in a convenient area of Peoria, this housing development provides easy access to local amenities and public transportation. The commitment to affordability and quality makes Oak Woods (Ihda) an ideal choice for those seeking subsidized rental housing in the region.

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Amenities and Features

Section 8 PBRA rental housing assistance
LIHTC 40/60 Set-Aside
Modern facilities
Access to public transportation

Oak Woods (Ihda) Location

Address: 740 W Joan Ct, Peoria, IL 61614

Phone: 309-692-8128

Nearby Senior Apartments Facilities in Peoria

More Senior Apartments Listings in Peoria, IL

About Peoria, Illinois

Peoria, a city located in the state of Illinois (IL), is home to a population of approximately 253,467 people. Peoria boasts a median age of 35.6, with around 22.4% of its residents aged 60 or above. 5.5% of the population identifies as US Veterans. 13.8% of Peoria residents are disabled. The city has an average household income of $58,068, while the unemployment rate stands at 8%, and around 19.5% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Peoria is $146,164, with a monthly rent averaging $917.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.