Affordable Housing In Ford County
11 Low Income Apartment Communities In Ford County
Housing Authorities that serve Ford County
|Housing Authority of the County of Ford||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Ford County, Illinois
There are 11 low income housing apartment communities offering 290 affordable apartments for rent in Ford County, Illinois.
Income Based Apartments in Ford County, Illinois
Ford County features 266 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 Ford County, Illinois
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ford County.
Housing Choice Vouchers in Ford County, Illinois
On average, Section 8 Housing Choice vouchers pay Ford County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Ford County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Ford County, Illinois for a two-bedroom apartment is between $776 and $948.
2020 Ford County, 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||$725||$730||$862||$1,108||$1,305|
|Payment Standard Range||$653 to $798||$657 to $803||$776 to $948||$997 to $1,219||$1,175 to $1,436|
Sourced from federal housing data and AffordableHousingOnline.com research.
Ford County, IL Affordable Housing Snapshot
|Total Affordable Apartment Properties||11|
|Total Low Income Apartments||290|
|Total Housing Units with Rental Assistance||266|
|Percentage of Housing Units Occupied By Renters||25.17%|
|Average Renter Household Size||2.35|
|Average Household Size||2.39|
|Median Household Income||$49,947 ±$2,078|
|Median Rent||$611 ±$41|
|Percentage Of Renters Overburdened||31.57% ± 6.77pp|
Population and Household Demographics
Ford County is a county in Illinois with a population of 13,835. There are 5,626 households in the county with an average household size of 2.39 persons. 25.17% of households in Ford County are renters.
Income and Rent Overburden in Ford County
The median gross income for households in Ford County is $49,947 a year, or $4,162 a month. The median rent for the county is $611 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Ford County, a household making less than $2,037 a month would be considered overburdened when renting an apartment at or above the median rent. 31.57% of households who rent are overburdened in Ford County.
Area Median Income In Ford 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 Ford County, HUD calculates the Area Median Income for a family of four as $83,600
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 Ford 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 HUD Rental Assistance in Ford County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$17,600||$20,100||$22,600||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$29,300||$33,450||$37,650||$41,800||$45,150||$48,500||$51,850||$55,200|
|80% of Median||$46,850||$53,550||$60,250||$66,900||$72,300||$77,650||$83,000||$88,350|
Cities In Ford County
Select A City to View its Apartment Communities and Waiting Lists.
|Cabery||The HUD funded Public Housing Agency that serves Cabery is the Housing Authority of the County of Ford.|
|Elliott||The HUD funded Public Housing Agency that serves Elliott is the Housing Authority of the County of Ford.|
|Gibson City||The HUD funded Public Housing Agency that serves Gibson City is the Housing Authority of the County of Ford.|
|Kempton||The HUD funded Public Housing Agency that serves Kempton is the Housing Authority of the County of Ford.|
|Melvin||The HUD funded Public Housing Agency that serves Melvin is the Housing Authority of the County of Ford.|
|Paxton||The HUD funded Public Housing Agency that serves Paxton is the Housing Authority of the County of Ford.|
|Piper City||The HUD funded Public Housing Agency that serves Piper City is the Housing Authority of the County of Ford.|
|Roberts||The HUD funded Public Housing Agency that serves Roberts is the Housing Authority of the County of Ford.|
|Sibley||The HUD funded Public Housing Agency that serves Sibley is the Housing Authority of the County of Ford.|