Armory Terrace
1701 N Mcaree Rd, Waukegan, IL 60085
4 1BR, 20 2BR, 22 3BR, 4 4BR
- Apartments
- 50
- Income-restricted
- 50
- Placed in service
- 2023
Illinois
Tax credit apartments in Waukegan, IL
HUD's database lists 11 properties in Waukegan built or rehabbed with low-income housing tax credits: 1,461 apartments, 1,423 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 Listings come from HUD's database and may be out of date.
Barwell Manor
565 S Martin Luther King Jr Ave, Waukegan, IL 60085
4 studio, 16 1BR, 44 2BR, 45 3BR, 11 4BR
- Apartments
- 120
- Income-restricted
- 120
- Placed in service
- 2022
Brookstone Apts
4247 Hickory Hills Dr, Waukegan, IL 60087
92 1BR, 76 2BR
- Apartments
- 168
- Income-restricted
- 160
- Placed in service
- 2007
Buckingham Place Apts
3040 W Eighth St, Waukegan, IL 60085
85 1BR, 66 2BR, 15 3BR
- Apartments
- 166
- Income-restricted
- 166
- Placed in service
- 1997
Green Bay Manor Apts
206 N Green Bay Rd, Waukegan, IL 60085
33 1BR, 35 2BR, 7 3BR
- Apartments
- 75
- Income-restricted
- 75
- Placed in service
- 2002
Karcher Artspace Lofts
405 Washington St, Waukegan, IL 60085
10 studio, 15 1BR, 7 2BR, 4 3BR
- Apartments
- 36
- Income-restricted
- 32
- Placed in service
- 2012
Kings Court Apts
2801 W Grandville Ave, Waukegan, IL 60085
98 1BR, 70 2BR
- Apartments
- 168
- Income-restricted
- 168
- Placed in service
- 1998
The Residences At Fountain Square
3960 S Casmir Pulaski Rd, Waukegan, IL
65 1BR, 10 2BR
- Apartments
- 75
- Income-restricted
- 75
- Placed in service
- 2011
Village Park Apts
2520 Village Park Dr, Waukegan, IL 60087
42 1BR, 60 2BR, 24 3BR
- Apartments
- 126
- Income-restricted
- 100
- Placed in service
- 2011
Waukegan Apts
102 Washington Ter, Waukegan, IL 60085
4 studio, 57 1BR, 11 2BR
- Apartments
- 72
- Income-restricted
- 72
- Placed in service
- 1995
Whispering Oaks Apts
2443 W Dugdale Rd, Waukegan, IL 60085
289 1BR, 174 2BR, 91 3BR
- Apartments
- 405
- Income-restricted
- 405
- Placed in service
- 2009
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.