Aspen Bluff Apts
3604 W Marengo Dr, Peoria, IL 61604
42 1BR, 79 2BR, 39 3BR
- Apartments
- 160
- Income-restricted
- 160
- Placed in service
- 1998
Illinois
Tax credit apartments in Peoria, IL
HUD's database lists 14 properties in Peoria built or rehabbed with low-income housing tax credits: 1,702 apartments, 1,654 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.
Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.
LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.
Lincoln Terrace Apts
2825 W Ann St, Peoria, IL 61605
28 2BR, 46 3BR, 18 4BR
- Apartments
- 92
- Income-restricted
- 92
- Placed in service
- 2005
New Hope Apts
301 NE Jefferson Ave, Peoria, IL 61602
79 studio
- Apartments
- 79
- Income-restricted
- 79
- Placed in service
- 2008
Oak Woods Apts
740 W Joan Ct, Peoria, IL 61614
HUD lists it as senior housing · 103 1BR
- Apartments
- 103
- Income-restricted
- 103
- Placed in service
- 2003
Okpara Homes
1310 W Kettelle St, Peoria, IL 61605
79 3BR
- Apartments
- 80
- Income-restricted
- 79
- Placed in service
- 1998
Peoria Affordable Housing II
312 S Merriman St, Peoria, IL 61605
60 3BR
- Apartments
- 60
- Income-restricted
- 60
- Placed in service
- 2003
Peoria Portfolio I - IV
818 W Hurlburt St, Peoria, IL 61605
427 1BR, 51 2BR
- Apartments
- 478
- Income-restricted
- 478
- Placed in service
- 2014
River West
312 S Merriman St, Peoria, IL 61605
31 1BR, 66 2BR, 56 3BR
- Apartments
- 200
- Income-restricted
- 153
- Placed in service
- 2001
River West South
312 S Merriman St, Peoria, IL 61605
17 2BR, 9 3BR
- Apartments
- 26
- Income-restricted
- 26
- Placed in service
- 2006
St Francis Estates
3737 N Marybelle Ave, Peoria, IL 61615
HUD lists it as senior housing · 96 1BR
- Apartments
- 96
- Income-restricted
- 96
- Placed in service
- 1992
Taft Homes Final Phase - 4% Lihtc
245 Green St, Peoria, IL 61603
8 1BR, 35 2BR, 5 3BR, 12 4BR
- Apartments
- 60
- Income-restricted
- 60
- Placed in service
- 2024
Taft Homes Final Phase - 9% Lihtc
245 Green St, Peoria, IL 61603
26 1BR, 27 2BR, 22 3BR
- Apartments
- 75
- Income-restricted
- 75
- Placed in service
- 2024
Village Green Apts
725 W Hurlburt St, Peoria, IL 61605
17 1BR, 47 2BR, 49 3BR, 12 4BR
- Apartments
- 125
- Income-restricted
- 125
- Placed in service
- 1997
Woodlands Apts
3318 W Woodhill Ln, Peoria, IL 61604
40 2BR, 20 3BR, 8 4BR
- Apartments
- 68
- Income-restricted
- 68
- Placed in service
- 2000
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.
How tax credit apartments work
Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.
To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.
You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.