Affordable Housing In Fulton County
Illinois
16 Low Income Apartment Communities In Fulton County
Spoon River Towers
Third and Oak Apartments
Broadway Arms Apartments
Housing Authorities that serve Fulton County
| Housing Authority | Programs |
|---|---|
| Fulton County Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing |
Guide To Affordable Housing in Fulton County, Illinois
According to federal housing data and AffordableHousingOnline.com research, there are 16 low income housing apartment communities offering 753 affordable apartments for rent in Fulton County, Illinois. Fulton County features 717 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 36 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Fulton County.
Fulton County, IL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 16 |
|---|---|
| Total Low Income Apartments | 753 |
| Total Housing Units with Rental Assistance | 717 |
| Percentage of Housing Units Occupied By Renters | 24.74% |
| Average Renter Household Size | 2.32 |
| Average Household Size | 2.37 |
| Median Household Income | $46,083 ±$1,993 |
| Median Rent | $607 ±$48 |
| Percentage Of Renters Overburdened | 38.09% ± 5.53pp |
| Total Population | 36,323 |
Population and Household Demographics
Fulton County is a County in Illinois with a population of 36,323. There are 14,375 households in the county with an average household size of 2.37 persons. 24.74% of households in Fulton County are renters.
Income and Rent Overburden in Fulton County
The median gross income for households in Fulton County is $46,083 a year, or $3,840 a month. The median rent for the county is $607 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fulton County, a household making less than $2,023 a month would be considered overburdened when renting an apartment at or above the median rent. 38.09% of households who rent are overburdened in Fulton County.1
Area Median Income In Fulton 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 Fulton County, HUD calculates the Area Median Income for a family of four as $60,800
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 Fulton 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 Fulton County HUD Rental Assistance in Fulton 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 Fulton County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1992 to 1996, 2 low income apartment communities containing 43 rental apartments have been constructed and made affordable to low income persons in Fulton 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 Fulton 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 Fulton 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 Fulton 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 |
|---|---|---|---|---|
| $518 | $597 | $763 | $969 | $1,239 |
Cities In Fulton County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Listings | Served By |
|---|---|---|
| Table Grove | 1 | The HUD funded Public Housing Agency that serves Table Grove is the Fulton County Housing Authority. |
| Canton | 8 | The HUD funded Public Housing Agency that serves Canton is the Fulton County Housing Authority. |
| Farmington | 1 | The HUD funded Public Housing Agency that serves Farmington is the Fulton County Housing Authority. |
| Ipava | 1 | The HUD funded Public Housing Agency that serves Ipava is the Fulton County Housing Authority. |
| Lewistown | 2 | The HUD funded Public Housing Agency that serves Lewistown is the Fulton County Housing Authority. |
| Astoria | 1 | The HUD funded Public Housing Agency that serves Astoria is the Fulton County Housing Authority. |
| Vermont | 1 | The HUD funded Public Housing Agency that serves Vermont is the Fulton County Housing Authority. |
| Avon | 1 | The HUD funded Public Housing Agency that serves Avon is the Fulton County Housing Authority. |
| Banner | 0 | |
| Bryant | 0 | |
| Cuba | 0 | |
| Dunfermline | 0 | |
| Ellisville | 0 | |
| Fairview | 0 | |
| Liverpool | 0 | |
| London Mills | 0 | |
| St. David | 0 | |
| Smithfield | 0 | |
| Marietta | 0 | |
| Norris | 0 |
