Affordability

Rents range within each building by the level of “income limit,” or maximum household income. The tenant is responsible for paying the entire amount of the rent. A few of our communities offer a small percentage of units with rental subsidies through the local housing authority’s project-based Housing Choice Voucher program, which means tenants in those units only pay 30% of their income toward the rent.

Some Horizon communities offer unrestricted, “market rate” units, in which there are no income qualifications for those units and the rents are set at the market. The chart below shows the current income limits as established by HUD.

% of Chicago AMIMax. Household Income – 1 person Max. Household Income – 2 people
80%$51,000$58,250
60%$38,220$43,680
50%$31,850$36,400
40%$25,480$29,120
30%$19,110$21,840