Affordable Housing In Alton
Madison County, Illinois

20 Low Income Apartment Communities In Alton

Hillcrest Apartments

1710 Munyvista Drive
Alton, IL
Call For Rent
1 BR
Subsidized

Landings at Belle Meadow

3200 Belle St
Alton, IL
Call For Rent
1-4 BR
Subsidized

Marian Heights Apartments

20 Marian Heights Dr
Alton, IL
62+
Accessible
Elderly Supportive Housing
Subsidized

Alton Cmi Apartments

727 Washington Ave
Alton, IL
Accessible
Disabled Supportive Housing
Subsidized

Warren Hempel Apartments

120 Manor Ct
Alton, IL
Accessible
Disabled Supportive Housing
Subsidized

Storey Manor

40 Manor Dr
Alton, IL
Subsidized

Skyline Towers

3113 Washington Ave
Alton, IL
Accessible
Subsidized

Yakubian Homes

1902 Brown St
Alton, IL
Accessible
Disabled Supportive Housing
Subsidized

Yakubian Apartments

1900 Brown St
Alton, IL
Accessible
Disabled Supportive Housing
HCV Welcome
Subsidized

The Landings at Belle Meadows

3200 Belle St
Alton, IL
HCV Welcome

There are 20 low income housing apartment complexes which contain 1,285 affordable apartments for rent in Alton. Many of these rental apartments are income based housing with 896 apartments that set rent based on your income. In Alton, HUD housing programs support 368 rental assistance apartments through programs like Project-based Section 8. There are 389 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Alton

Housing Authority Programs
Madison County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority - City of Alton Public Housing

Guide To Affordable Housing in Alton, Illinois

Alton, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 20
Total Low Income Apartments 1,285
Total Rent Assisted Apartments 896
Percentage of Housing Units Occupied By Renters 39.24%
Average Renter Household Size 2.20
Total Population 27,335
Housing Units 11,817
Average Household Size 2.27
Median Household Income $36,250 ±$1,288
Median Rent $718 ±$37
Percentage Of Renters Overburdened 48.48% ± 5.07pp

Population and Household Demographics

Alton is a City in Madison County, Illinois with a population of 27,335. There are 11,817 households in the city with an average household size of 2.27 persons. 39.24% of households in Alton are renters.

Income and Rent Overburden in Alton

The median gross income for households in Alton is $36,250 a year, or $3,021 a month. The median rent for the city is $718 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Alton, a household making less than $2,393 a month would be considered overburdened when renting an apartment at or above the median rent. 48.48% of households who rent are overburdened in Alton.1

Area Median Income In Alton

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 Alton, the AMI is calculated from all households within Madison County.

In Alton, HUD calculates the Area Median Income for a family of four as $81,300

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 Alton

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 Alton HUD Rental Assistance in Alton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,100 $19,550 $22,000 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $28,500 $32,550 $36,600 $40,650 $43,950 $47,200 $50,450 $53,700
80% of Median $45,550 $52,050 $58,550 $65,050 $70,300 $75,500 $80,700 $85,900
Low Income Housing Tax Credits in Alton

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2000 to 2008, 8 low income apartment communities containing 441 rental apartments have been constructed and made affordable to low income persons in Alton by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Alton

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $28,500 $32,550 $36,600 $40,650 $43,950 $47,200 $50,450 $53,700
60% of Median $34,200 $39,060 $43,920 $48,780 $52,740 $56,640 $60,540 $64,440

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Alton is $43,920 a year, or $3,660 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,660 by 30% to get a maximum rent of $1,098 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $713 $763 $915 $1,058 $1,180 $1,302
60% $855 $916 $1,098 $1,269 $1,416 $1,562
Fair Market Rents in Alton

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$635 $713 $924 $1,215 $1,430