Affordable Housing In Georgetown
Vermilion County, Illinois

3 Low Income Apartment Communities In Georgetown

Georgetown Manor

400 Huffman St
Georgetown, Illinois
Subsidized

Seminary - Pine Apartments

301 Pine St
Georgetown, Illinois

Quality Housing Gpr

320 E West St
Georgetown, Illinois
Subsidized
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Section 8 Vouchers, Apartments, and Waiting Lists in Georgetown, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Georgetown, Illinois

Housing Authority Programs
Vermilion Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP)

Guide To Affordable Housing in Georgetown, Illinois

There are 3 low income housing apartment communities offering 436 affordable apartments for rent in Georgetown, Illinois.

Income Based Apartments in Georgetown, Illinois

Georgetown features 420 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 Georgetown, Illinois

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Georgetown.

Housing Choice Vouchers in Georgetown, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Georgetown, Illinois for a two-bedroom apartment is between $722 and $882.

2022 Georgetown, 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
Georgetown, Illinois Fair Market Rent $597 $610 $802 $1,038 $1,088
Georgetown, Illinois Payment Standard Range $537 to $657 $549 to $671 $722 to $882 $934 to $1,142 $979 to $1,197

Sourced from federal housing data and AffordableHousingOnline.com research.

Georgetown, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 436
Total Housing Units with Rental Assistance 420
Percentage of Housing Units Occupied By Renters 27.18%
Average Renter Household Size 3.01
Average Household Size 2.61
Median Household Income $39,750 ±$4,336
Median Rent $582 ±$63
Percentage Of Renters Overburdened 30.34% ± 12.17pp
Total Population 3,413

Population and Household Demographics

Georgetown is a city in Vermilion County, Illinois with a population of 3,413. There are 1,310 households in the city with an average household size of 2.61 persons. 27.18% of households in Georgetown are renters.

Income and Rent Overburden in Georgetown

The median gross income for households in Georgetown is $39,750 a year, or $3,313 a month. The median rent for the city is $582 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Georgetown, a household making less than $1,940 a month would be considered overburdened when renting an apartment at or above the median rent. 30.34% of households who rent are overburdened in Georgetown.

Area Median Income In Georgetown

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 Georgetown, the AMI is calculated from all households within Vermilion County.

In Georgetown, HUD calculates the Area Median Income for a family of four as $62,500

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 Georgetown

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 Georgetown

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 Georgetown AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,950 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Georgetown AMI may qualify for rental assistance programs that target Very Low Income households.
$26,600 $30,400 $34,200 $37,950 $41,000 $44,050 $47,100 $50,100
80% AMI Income Limits
Renters earning up to 80% of the Georgetown AMI may qualify for rental assistance programs that target Low Income households.
$42,500 $48,600 $54,650 $60,700 $65,600 $70,450 $75,300 $80,150