Affordable Housing In Coles County

18 Low Income Apartment Communities In Coles County

Mattoon Towers

90 Prairie Ave
Mattoon, IL
Call For Rent
1-2 BR

Charleston I Charleston

1407 Monroe Ave
Charleston, IL
Call For Rent
1-2 BR

Charleston II Charleston

2100 E Madison Ave
Charleston, IL
Call For Rent
1-2 BR

Colonial Gardens Greenview Manor Apartments

623 W Grant Ave
Charleston, IL

Lincolnshire Apartments

1840 Douglas St
Charleston, IL

Sunrise Apartments

1817 S 9th St
Mattoon, IL

17th Place

2200 S Seventeenth
Mattoon, IL

Logan Court

308 N Logan St
Mattoon, IL
Elderly Supportive Housing

Cougill Apartments

500 W Polk Ave
Charleston, IL

Drehkh Properties

300 Taylor Ave
Charleston, IL

Housing Authorities that serve Coles County

Housing Authority Programs
Housing Authority County of Coles Public Housing

Guide To Affordable Housing in Coles County, Illinois

There are 18 low income housing apartment communities offering 2,003 affordable apartments for rent in Coles County, Illinois. Coles County features 923 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,080 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Coles County.

Sourced from federal housing data and research.

Coles County, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 18
Total Low Income Apartments 2,003
Total Housing Units with Rental Assistance 923
Percentage of Housing Units Occupied By Renters 37.95%
Average Renter Household Size 2.14
Average Household Size 2.31
Median Household Income $39,588 ±$2,470
Median Rent $626 ±$18
Percentage Of Renters Overburdened 50.14% ± 4.4pp
Total Population 53,037

Population and Household Demographics

Coles County is a County in Illinois with a population of 53,037. There are 21,063 households in the county with an average household size of 2.31 persons. 37.95% of households in Coles County are renters.

Income and Rent Overburden in Coles County

The median gross income for households in Coles County is $39,588 a year, or $3,299 a month. The median rent for the county is $626 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Coles County, a household making less than $2,087 a month would be considered overburdened when renting an apartment at or above the median rent. 50.14% of households who rent are overburdened in Coles County.1

Area Median Income In Coles County

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.

In Coles County, HUD calculates the Area Median Income for a family of four as $59,400

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 Coles County

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 Coles County HUD Rental Assistance in Coles County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,950 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,250 $26,550 $29,850 $33,150 $35,850 $38,500 $41,150 $43,800
80% of Median $37,150 $42,450 $47,750 $53,050 $57,300 $61,550 $65,800 $70,050
Low Income Housing Tax Credits in Coles County

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

From 1998 to 2007, 6 low income apartment communities containing 605 rental apartments have been constructed and made affordable to low income persons in Coles County 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 Coles County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,250 $26,550 $29,850 $33,150 $35,850 $38,500 $41,150 $43,800
60% of Median $27,900 $31,860 $35,820 $39,780 $43,020 $46,200 $49,380 $52,560

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 Coles County is $35,820 a year, or $2,985 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,985 by 30% to get a maximum rent of $896 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% $581 $623 $746 $863 $963 $1,062
60% $698 $747 $896 $1,035 $1,155 $1,274
Fair Market Rents in Coles County

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$500 $570 $741 $1,012 $1,075

Cities In Coles County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Mattoon 8 The HUD funded Public Housing Agency that serves Mattoon is the Housing Authority County of Coles.
Charleston 10 The HUD funded Public Housing Agency that serves Charleston is the Housing Authority County of Coles.
Ashmore 0
Humboldt 0
Oakland 0
Lerna 0