Affordable Housing In Cordova
Rock Island County, Illinois

Affordable Housing programs support 0 income based apartments in Cordova where households pay rent based on how much they earn.

There are 0 affordable apartments in Cordova that offer reduced rents to low-income households.

Waiting Lists in Cordova, Illinois

There are no open Section 8 Housing Choice Voucher waiting lists in Cordova. Go to the Illinois Section 8 Waiting Lists page for openings near Cordova.

Affordable Housing Near Cordova

View affordable apartments and waiting lists in cities near Cordova

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Public Housing Agencies Serving Cordova, Illinois

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Greater Metropolitan Area Housing Authority of Rock Island County Section 8 Housing Choice Voucher (HCV); Public Housing
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near Cordova.

Cordova, Illinois Affordable Housing Data

Income Based Apartments in Cordova, Illinois

Cordova features 0 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 Cordova, Illinois

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

Housing Choice Vouchers in Cordova, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cordova, Illinois for a two-bedroom apartment is between $815 and $997.

2023 Cordova, 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
Cordova, Illinois Fair Market Rent $606 $733 $906 $1,193 $1,353
Cordova, Illinois Payment Standard Range $545 to $667 $660 to $806 $815 to $997 $1,074 to $1,312 $1,218 to $1,488

Sourced from federal housing data and AffordableHousingOnline.com research.

Cordova, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 24.18%
Average Renter Household Size 2.08
Average Household Size 2.29
Median Household Income $65,815 ±$7,519
Median Rent $643 ±$65
Percentage Of Renters Overburdened 22.73% ± 19.09pp
Total Population 624

Population and Household Demographics

Cordova is a city in Rock Island County, Illinois with a population of 624. There are 273 households in the city with an average household size of 2.29 persons. 24.18% of households in Cordova are renters.

Income and Rent Overburden in Cordova

The median gross income for households in Cordova is $65,815 a year, or $5,485 a month. The median rent for the city is $643 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Cordova, a household making less than $2,143 a month would be considered overburdened when renting an apartment at or above the median rent. 22.73% of households who rent are overburdened in Cordova.

Area Median Income In Cordova

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 Cordova, the AMI is calculated from all households within Rock Island County.

In Cordova, HUD calculates the Area Median Income for a family of four as $87,200

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 Cordova

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 Cordova

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 Cordova AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,950 $20,500 $23,050 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Cordova AMI may qualify for rental assistance programs that target Very Low Income households.
$29,900 $34,150 $38,400 $42,650 $46,100 $49,500 $52,900 $56,300
80% AMI Income Limits
Renters earning up to 80% of the Cordova AMI may qualify for rental assistance programs that target Low Income households.
$47,800 $54,600 $61,450 $68,250 $73,750 $79,200 $84,650 $90,100