Contract Clock
Menu

Illinois

Illinois: Section 8 properties with a decision coming

HUD's file lists 956 active project-based assistance contracts in Illinois, covering 71,760 assisted units. 161 of them reach their final expiration date by Oct 2028, when the owner has to choose whether and how to renew. 235 Section 8 HAP contracts pay rents under 90% of the area's Fair Market Rent, a first sign of a property that could qualify for a rent increase at renewal.

956active contracts on 937 properties
161reaching final expiration by Oct 2028 (5,389 assisted units)
235HAP contracts with rents under 90% of FMR
8FHA-insured apartment loans maturing within five years

Contracts reaching final expiration by Oct 2028

These contracts end their overall term within two years of HUD's October 6, 2026 file. The owner chooses among the renewal options the property qualifies for, and an owner who wants out has to give tenants at least a year's notice. "Rent vs FMR" is HUD's ratio of contract rent to the area's Fair Market Rent.

PropertyUnitsAssistedContract typeFinal expirationRent vs FMRHUD loan
Urbanite ApartmentsChicago, Cook County2524PRAC/811Oct 202696%202/811
Carbondale Towers And Mill StreetCarbondale, Jackson County271231Sec 8 NCOct 2026125%
Association HomesAurora, Kane County1010PRAC/811Oct 202673%202/811
Spruce ManorJacksonville, Morgan County1414PRAC/811Nov 2026196%202/811
St Leo Section 811Chicago, Cook County1414PRAC/811Nov 2026108%202/811
Sycamore Drive Group HomeShorewood, Will County66PRAC/811Dec 202652%202/811
The Center ApartmentsChicago, Cook County2020PRAC/811Dec 202673%202/811
Orchard Place Of Morgan Park/BeverlyChicago, Cook County2424PRAC/811Dec 2026121%202/811
Cottonwood CilaEast Peoria, Tazewell County66PRAC/811Dec 202682%202/811
Deborah HouseCrete, Will County66PRAC/811Dec 202644%202/811
Ann Street Group HomeJoliet, Will County66PRAC/811Dec 202655%202/811
Kedzie ApartmentsChicago, Cook County98PRAC/811Dec 202697%202/811
Canticle PlaceWheaton, Dupage County1212PRAC/811Dec 202661%202/811
Vincennes ApartmentsChicago, Cook County98PRAC/811Dec 202689%202/811
Willoway ApartmentsGalesburg, Knox County1515PRAC/811Dec 2026136%202/811
Indian HillPecatonica, Winnebago County2424515/8 NCDec 2026109%
Rockford Supportive HousingRockford, Winnebago County2019PRAC/811Jan 2027124%202/811
Warren Hempel ApartmentsAlton, Madison County1818PRAC/811Jan 202794%202/811
Anixter VillageChicago, Cook County1414PRAC/811Jan 202782%202/811
The Lambs FarmGreen Oaks, Lake County1818PRAC/811Jan 202748%202/811
Amys CrossingAlton, Madison County1212PRAC/811Jan 2027106%
Wilco ResidencesJoliet, Will County2424PRAC/811Jan 202761%202/811
Harvard Supportive HousingHarvard, McHenry County1515PRAC/811Jan 202760%202/811
Rainbow Ridge IIIStockton, Jo Daviess County2323PRAC/811Jan 202751%202/811
Parc ApartmentsPeoria, Peoria County88PRAC/811Jan 202770%202/811
Morning Star HousingRock Island, Rock Island County1414PRAC/811Feb 2027109%202/811
Yakubian HomesAlton, Madison County2020PRAC/811Feb 202785%202/811
Horizon Residential Alternatives II, Inc.Peru, Lasalle County1616PRAC/811Feb 2027121%202/811
Randolph Lane ApartmentsCarthage, Hancock County1414PRAC/811Feb 2027121%202/811
Spoon River ApartmentsGalesburg, Knox County1515PAC/202Feb 2027171%FHA 07211099
Lorington AptsChicago, Cook County5454Sec 8 SRFeb 202795%
Dorchester Ridge ApartmentsPeoria, Peoria County2624PRAC/811Feb 2027108%202/811
Crystal CourtsChicago, Cook County1717PRAC/811Feb 202772%202/811
Waukegan Supportive HousingWaukegan, Lake County2323PRAC/811Feb 202755%202/811
Brementowne ManorTinley Park, Cook County106106202/8 NCMar 202784%FHA 07111163
Trinity HousingWilmington, Will County1312PRAC/811Mar 202763%202/811
Dr. Lucy Lane-Chappell Housing ComplexChicago, Cook County4039PRAC/811Mar 202793%202/811
Zausa Drive Group HomeCrest Hill, Will County66PRAC/811Mar 202759%202/811
Sci ApartmentsRochelle, Ogle County88PRAC/811Mar 2027164%202/811
Kleeman VillageClinton, De Witt County1414PRAC/811Mar 2027104%202/811
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026.

Section 8 contracts paying well under Fair Market Rent

HAP contracts with at least 20 assisted units whose rent-to-FMR ratio in HUD's file is under 90%, lowest first. Below-market contract rents are what HUD's Mark-Up-to-Market renewal option addresses, if the property qualifies; a rent comparability study, not this ratio, decides the new rents. "Run math" loads the size and ratio into the offer calculator.

PropertyUnitsAssistedRent vs FMRFinal expirationCurrent term ends
North Suburban Housing, LlcArlington Heights, Cook County24624443%Nov 2035Nov 2026Run math
Family Court TownhomesElgin, Kane County747445%May 2036May 2027Run math
Huntington And Wheeling Tower ApartmentsNiles, Cook County22422445%Sep 2037Sep 2027Run math
Golden Tower I & II And Juniper TowerChicago Heights, Cook County23023048%Mar 2038Mar 2027Run math
Central Park TowersElgin, Kane County16414949%Dec 2034Dec 2026Run math
Jerseyville Illinois Elderly HsngJerseyville, Jersey County343449%May 2034May 2027Run math
Evanston Senior RedevelopmentEvanston, Cook County20119953%Jan 2035Jan 2027Run math
Richard FlowersRobbins, Cook County10010054%Mar 2038Mar 2027Run math
Townhouse Garden ApartmentsChicago, Cook County242454%Jan 2033Jan 2027Run math
Barwell ManorWaukegan, Lake County1209057%Apr 2040Apr 2027Run math
Edward Brown And Turlington WestRobbins, Cook County22322057%Mar 2038Mar 2027Run math
South Of The YardsChicago, Cook County484857%Oct 2032Oct 2026Run math
Menard County HomesPetersburg, Menard County525257%Feb 2038Feb 2027Run math
820 Belle Plaine CooperativeChicago, Cook County2715458%Jun 2027Jun 2027Run math
Lambs Residence No. 2, Inc.Libertyville, Lake County11311259%Feb 2031Feb 2027Run math
Vera Yate HomesFord Heights, Cook County11611560%Sep 2039Sep 2027Run math
Clearbrook HomesRolling Meadows, Cook County323060%Dec 2038Dec 2026Run math
Estes Paulina ApartmentsChicago, COOK County252561%Jun 2034Jun 2027Run math
Godfrey Estates/Northwood ApartmentsGodfrey, Madison County1004062%May 2034May 2027Run math
Blue Oak ApartmentsChicago, Cook County29229263%Oct 2041Oct 2026Run math
Lukins LandingPetersburg, Menard County747463%Feb 2038Feb 2027Run math
Transforming Housing IVChicago, Cook County272764%Apr 2035Apr 2027Run math
South Lawndale ApartmentsChicago, Cook County15115164%Jul 2042Jul 2027Run math
Paul G. Stewart TowerChicago, Cook County18018065%Oct 2036Oct 2026Run math
Riverside VillageChicago, Cook County2582565%Aug 2039Aug 2027Run math
Germano-Millgate ApartmentsChicago, Cook County35734465%Nov 2034Nov 2026Run math
Jorge HernandezChicago, Cook County575466%Apr 2041Apr 2027Run math
Lakeside Terraces/Grant ManorChicago, Cook County1286766%Feb 2036Feb 2027Run math
Little City For Community DevelopmentPalatine, Cook County242466%Nov 2035Nov 2026Run math
Walden OaksWoodstock, McHenry County19215066%Oct 2044Oct 2044Run math
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026. HUD describes the ratio as a guide only.

HUD-insured loans maturing in the next five years

A HUD loan amortizes to zero, so a near maturity usually means a small balance left on an older building. The list shows only what HUD's file says: the loan, its balance and its maturity date. It says nothing about any owner's plans, other debt or willingness to sell.

PropertyUnitsProgramBalanceMatures
Kenwood AptsChicago 60601 · FHA 07135526 648 221(d)(4) $71,951 Jan 2027
Phoenix TowersBloomington 61701 · FHA 07297261 158 542(b) $1,109,322 Nov 2027
Randolph Tower ApartmentsChicago 60601 · FHA 07197264 312 542(b) $43,613,545 Dec 2028
Breakers-At-Edgewater BeachChicago 60640 · FHA 07194013 476 221(d)(4) $4,211,188 May 2029
Odd Fellow Heritage AptsWilliamsville 62693 · FHA 07211087 56 223(f) $364,937 May 2029
Fellowship Center Manor AptsMattoon 61938 · FHA 07211131 124 223(a)(7) $699,770 May 2029
Mercy Preservation ProjectChicago 60640 · FHA 07197263 300 542(b) $14,229,044 Feb 2031
Friendship ManorLincoln 62656 · FHA 07211130 124 223(a)(7) $1,388,169 Aug 2031
Source: HUD Insured Multifamily Mortgages file, data as of September 30, 2026.

Filter every Illinois contract

Turn on JavaScript to filter every contract in this state; the tables above show the top of each list.

Watch a contract

HUD republishes this file about once a month. Pick a contract and we'll email you when a new file shows it renewed (a later expiration date), ended or changed status, or moved inside 24 or 12 months of its final expiration.

We match on HUD's contract number, so a renewal under a new contract number shows up as this one expiring. Every contract is in the download files if you'd rather track them yourself.

The list holds the Illinois contracts in the tables above. Use "Watch" in the filter to add any other contract.

Alert emails haven't started on this site yet. Sign-ups are saved, and when sending starts the first email asks you to confirm.

Before you call an owner

Write to the owner of record from the county's deed records; HUD's file shows the contract, not the deed. Never contact residents or on-site staff about a sale, and never suggest to residents that their housing is about to change.

Buying the property means HUD has to approve you to take over the contract. Read what HUD reviews when a Section 8 property sells before you write a letter of intent.

Price it, then finance it

Use the offer calculator to value the property at today's contract rents and at market rents, then send the deal to the desk for acquisition financing.

Not affiliated with HUD. Inclusion here doesn't mean a property is for sale. How this data is built.