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Affordable Housing In Alhambra
Madison County, Illinois

1 Low Income Apartment Communities In Alhambra

Arrowhead Apts

717 E. Main Street
Alhambra, Illinois
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Housing Authorities that serve Alhambra

Housing Authority Programs
Madison County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency

Guide To Affordable Housing in Alhambra, Illinois

There are 1 low income housing apartment communities offering 8 affordable apartments for rent in Alhambra, Illinois.

Income Based Apartments in Alhambra, Illinois

Alhambra features 8 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Alhambra, Illinois

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Alhambra.

Housing Choice Vouchers in Alhambra, Illinois

On average, Section 8 Housing Choice vouchers pay Alhambra landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Alhambra.

The maximum amount a voucher would pay on behalf of a low-income tenant in Alhambra, Illinois for a two-bedroom apartment is between $844 and $1,032.

2021 Alhambra, Illinois Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Alhambra, Illinois Fair Market Rent $671 $731 $938 $1,224 $1,440
Alhambra, Illinois Payment Standard Range $604 to $738 $658 to $804 $844 to $1,032 $1,102 to $1,346 $1,296 to $1,584

Sourced from federal housing data and AffordableHousingOnline.com research.

Alhambra, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 8
Total Housing Units with Rental Assistance 8
Percentage of Housing Units Occupied By Renters 34.67%
Average Renter Household Size 2.21
Average Household Size 2.35
Median Household Income $52,679 ±$10,699
Median Rent $653 ±$108
Percentage Of Renters Overburdened 41.03% ± 19.24pp
Total Population 633

Population and Household Demographics

Alhambra is a city in Madison County, Illinois with a population of 633. There are 225 households in the city with an average household size of 2.35 persons. 34.67% of households in Alhambra are renters.

Income and Rent Overburden in Alhambra

The median gross income for households in Alhambra is $52,679 a year, or $4,390 a month. The median rent for the city is $653 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Alhambra, a household making less than $2,177 a month would be considered overburdened when renting an apartment at or above the median rent. 41.03% of households who rent are overburdened in Alhambra.

Area Median Income In Alhambra

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Alhambra, the AMI is calculated from all households within Madison County.

In Alhambra, HUD calculates the Area Median Income for a family of four as $82,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Alhambra

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Alhambra

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Alhambra AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,400 $19,900 $22,400 $26,200 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Alhambra AMI may qualify for rental assistance programs that target Very Low Income households.
$29,050 $33,200 $37,350 $41,450 $44,800 $48,100 $51,400 $54,750
80% AMI Income Limits
Renters earning up to 80% of the Alhambra AMI may qualify for rental assistance programs that target Low Income households.
$46,450 $53,050 $59,700 $66,300 $71,650 $76,950 $82,250 $87,550