The Parkway Apts.

Overview

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The Parkway Apts. offer a range of comfortable and affordable senior living options in Pana, Illinois. Built in 1980, this age-restricted community is designed to cater to residents aged 62 and older, providing a supportive environment for low-income seniors. With 54 Section 8 approved units available, The Parkway Apts. ensures that each resident can enjoy quality living without the burden of high rent.

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The community thrives on fostering a warm and welcoming atmosphere. Residents benefit from rental housing assistance through the Section 8 PBRA program, making it an ideal choice for those seeking both affordability and comfort. The Parkway Apts. also maintains a variety of amenities and features that enhance the living experience, ensuring residents feel right at home.

In addition to its many features, The Parkway Apts. promotes an active and engaged lifestyle for all its residents. Conveniently located in Pana, the complex offers easy access to local amenities and services, allowing seniors to maintain their independence while enjoying the benefits of a close-knit community.

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Amenities and Features

Section 8 PBRA rental housing assistance
Supportive senior living environment
Affordable rent for low-income seniors
Community-driven atmosphere
Convenient access to local amenities

Sources

The Parkway Apts. Location

Address: 1100 Fair Ave, Pana, IL 62557

Phone: 217-562-3742

Website: https://ccdchousing.org/Locations/parkway-apartments-1

About Pana, Illinois

Pana, a city located in the state of Illinois (IL), is home to a population of approximately 5,167 people. Pana boasts a median age of 41.7, with around 31.5% of its residents aged 60 or above. 10.6% of the population identifies as US Veterans. 18.2% of Pana residents are disabled. The city has an average household income of $47,763, while the unemployment rate stands at 5.2%, and around 13.7% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Pana is $82,255, with a monthly rent averaging $672.

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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.