Affordable Housing In Decatur
32 Low Income Apartment Communities In Decatur
Housing Authorities that serve Decatur
|Decatur Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)|
Guide To Affordable Housing in Decatur, Illinois
There are 32 low income housing apartment communities offering 2,798 affordable apartments for rent in Decatur, Illinois.
Income Based Apartments in Decatur, Illinois
Decatur features 1,914 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 Decatur, Illinois
There are 884 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Decatur.
Housing Choice Vouchers in Decatur, Illinois
On average, Section 8 Housing Choice vouchers pay Decatur landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Decatur.
The maximum amount a voucher would pay on behalf of a low-income tenant in Decatur, Illinois for a two-bedroom apartment is between $677 and $827.
2020 Decatur, 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|
|Fair Market Rent||$490||$588||$752||$1,034||$1,066|
|Payment Standard Range||$441 to $539||$529 to $647||$677 to $827||$931 to $1,137||$959 to $1,173|
Sourced from federal housing data and AffordableHousingOnline.com research.
Decatur, IL Affordable Housing Snapshot
|Total Affordable Apartment Properties||32|
|Total Low Income Apartments||2,798|
|Total Housing Units with Rental Assistance||1,914|
|Percentage of Housing Units Occupied By Renters||38.51%|
|Average Renter Household Size||2.19|
|Average Household Size||2.28|
|Median Household Income||$40,679 ±$1,306|
|Median Rent||$652 ±$15|
|Percentage Of Renters Overburdened||45.88% ± 3.14pp|
Population and Household Demographics
Decatur is a City in Macon County, Illinois with a population of 74,654. There are 31,287 households in the city with an average household size of 2.28 persons. 38.51% of households in Decatur are renters.
Income and Rent Overburden in Decatur
The median gross income for households in Decatur is $40,679 a year, or $3,390 a month. The median rent for the city is $652 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Decatur, a household making less than $2,173 a month would be considered overburdened when renting an apartment at or above the median rent. 45.88% of households who rent are overburdened in Decatur.1
Area Median Income In Decatur
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 Decatur, the AMI is calculated from all households within Macon County.
In Decatur, HUD calculates the Area Median Income for a family of four as $66,900
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 Decatur
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 Decatur HUD Rental Assistance in Decatur
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,050||$16,910||$21,330||$25,750||$30,170||$34,590||$39,010||$43,430|
|50% of Median||$23,450||$26,800||$30,150||$33,450||$36,150||$38,850||$41,500||$44,200|
|80% of Median||$37,450||$42,800||$48,150||$53,500||$57,800||$62,100||$66,350||$70,650|