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Lafayette Plaza Housing Cooperative

50 W 71st St, Chicago, IL 60621

Lafayette Plaza Housing Cooperative is an income-based apartment property for families and individuals at 50 W 71st St in Chicago, IL. All 196 apartments are subsidized, in 1, 2 and 3-bedroom sizes. The rent assistance belongs to the apartment, so you apply to the property itself and you do not need a voucher.

Recorded assisted apartments
196
HUD property record
Who it serves
Families
Historical tenant payment
$369/mo
Historical rent + utilities average
Recorded HUD inspection
62 / 100
May 2025

How to apply to Lafayette Plaza Housing Cooperative

  1. Call the property office at (773) 488-3003 and ask whether the waiting list is open.
  2. Ask for an application. The property keeps its own waiting list; the housing authority's voucher list is a different line.
  3. Have ID, Social Security numbers and proof of income ready for everyone in the household. The office verifies income before it offers an apartment.

VoucherMatch does not take applications for this property and cannot tell you whether an apartment is open today. The office can.

About Lafayette Plaza Housing Cooperative

Address
50 W 71st St, Chicago, IL 60621
Program
Project-based Section 8
Who can live here
HUD lists this as general or family housing. Ask the office about household eligibility and how it assigns apartment sizes; a unit count is not an offer of an apartment.
Rent
Residents pay about 30% of their adjusted income toward rent and a HUD contract with the property covers the rest. HUD's resident data records an average payment of $369 a month toward rent and utilities. This historical average is not a current asking rent or a quote for your household.
Subsidized apartments by size
16 1-bedroom, 113 2-bedroom, 67 3-bedroom
Historical move-ins
About 8% of households had moved in within the past year in the resident data held by HUD. This does not predict openings, waiting time or the current status of the waiting list.
Managed by
Five T Management Inc, (773) 952-8004
HUD inspection
Scored 62 out of 100 in the HUD inspection record (May 2025). This is a dated inspection result, not a statement about the condition of an apartment today.
HUD contract
HUD's record lists a contract end of September 2030. This field alone does not confirm current coverage or a renewal; ask the office.
First occupied
1964

Income limits in Cook County (FY2026)

Most admissions to project-based Section 8 are for very low income households (50% of area median or less). Limited admissions above that level may be allowed within the low income limit. At least 40% of assisted units becoming available in a fiscal year must go to extremely low income households. The applicable admission rules depend on the contract; the office verifies eligibility (24 CFR 5.653).

Household sizeExtremely low (30%)Very low (50%)Low (80%)
1 person$25,550$42,550$68,050
2 people$29,200$48,600$77,800
3 people$32,850$54,700$87,500
4 people$36,450$60,750$97,200
5 people$39,400$65,650$105,000
6 people$44,360$70,500$112,800
7 people$50,040$75,350$120,550
8 people$55,720$80,200$128,350

Source: HUD FY2026 income limits. Income is gross annual income for the whole household; the property verifies it when your name comes up on the waiting list.

Voucher-friendly listings in Chicago

21 listings

View all 21 listings →

If you already have a housing voucher

A Housing Choice Voucher pays part of the rent in a privately owned apartment you find yourself. It cannot be used in an apartment that is already subsidized, so the 196 income-based apartments here are not an option for it. Browse landlords in Chicago who accept vouchers or see Section 8 rent limits and housing authorities in Cook County.

Frequently asked questions

How do I apply to Lafayette Plaza Housing Cooperative?
Apply to the property, not to the housing authority. Call the office at (773) 488-3003 and ask whether the waiting list is open and how to get an application. Lafayette Plaza Housing Cooperative keeps its own waiting list, separate from the Section 8 voucher list. Expect to show ID, Social Security numbers and proof of income for everyone in the household.
What is the income limit for Lafayette Plaza Housing Cooperative?
Most admissions to project-based Section 8 are for very low income households (50% of area median or less). Limited admissions above that level may be allowed within the low income limit. At least 40% of assisted units becoming available in a fiscal year must go to extremely low income households. The applicable admission rules depend on the contract; the office verifies eligibility (24 CFR 5.653). In Cook County the FY2026 very low income limit is $42,550 a year for one person and $60,750 for a household of four.
How much is rent at Lafayette Plaza Housing Cooperative?
Residents pay about 30% of their adjusted income toward rent and a HUD contract with the property covers the rest. HUD's resident data records an average payment of $369 a month toward rent and utilities. This historical average is not a current rent quote. Your own share is calculated from your household's income when you move in and again each year.
Do I need a Section 8 voucher to live at Lafayette Plaza Housing Cooperative?
No. This is Project-based Section 8: the assistance is attached to the apartment, not to the tenant, so it is there when you move in and stays behind when you move out. A Housing Choice Voucher cannot be combined with an apartment that already has project-based assistance.

Other housing options in Chicago

Properties with the same recorded audience and rent type appear first, then distance. Check each property's requirements and current intake.

Browse the low income housing directory for Chicago, IL →

Property details from HUD’s Multifamily Assistance and Section 8 Contracts data and Picture of Subsidized Households, HUD property 800006026. Dataset retrieved October 2026; individual records may describe earlier periods.