Hoopeston, Illinois Affordable Housing
Waiting Lists in Hoopeston, Illinois
There are no open Section 8 Housing Choice Voucher waiting lists in Hoopeston. Go to the Illinois Section 8 Waiting Lists page for openings near Hoopeston.
Finding Affordable Housing in Hoopeston, Illinois
There are 95 low-income apartments in Hoopeston that offer reduced rents to eligible households.
Rental assistance programs support 276 low-income homes in Hoopeston where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-5 towards rent each month.
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Affordable rent data last confirmed on March 16th, 2023. Subdsidized rents typically change once a year based on federal guidance.
Affordable Housing Near Hoopeston
View affordable apartments and waiting lists in cities near Hoopeston
| City | Apartments |
|---|---|
| Danville, IL | Affordable Housing programs support 20 apartment communities in Danville. |
| Georgetown, IL | Affordable Housing programs support 3 apartment communities in Georgetown. |
| Oakwood, IL | Affordable Housing programs support 1 apartment communities in Oakwood. |
| Rankin, IL | Affordable Housing programs support 1 apartment communities in Rankin. |
| Ridge Farm, IL | Affordable Housing programs support 1 apartment communities in Ridge Farm. |
Public Housing Agencies Serving Hoopeston, 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:
- Vermilion Housing Authority Public Housing is currently open for new applications.
| Housing Authority | Programs |
|---|---|
| Vermilion Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP) |
Hoopeston, Illinois Affordable Housing Data
Income Based Apartments in Hoopeston, Illinois
Hoopeston features 276 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 Hoopeston, Illinois
There are 95 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hoopeston.
Housing Choice Vouchers in Hoopeston, Illinois
On average, Section 8 Housing Choice vouchers pay Hoopeston landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hoopeston.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hoopeston, Illinois for a two-bedroom apartment is between $790 and $966.
2023 Hoopeston, 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 | |
|---|---|---|---|---|---|
| Hoopeston, Illinois Fair Market Rent | $646 | $667 | $878 | $1,112 | $1,179 |
| Hoopeston, Illinois Payment Standard Range | $581 to $711 | $600 to $734 | $790 to $966 | $1,001 to $1,223 | $1,061 to $1,297 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Hoopeston, IL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 6 |
|---|---|
| Total Low Income Apartments | 371 |
| Total Housing Units with Rental Assistance | 276 |
| Percentage of Housing Units Occupied By Renters | 36.7% |
| Average Renter Household Size | 2.05 |
| Average Household Size | 2.30 |
| Median Household Income | $41,362 ±$7,617 |
| Median Rent | $543 ±$61 |
| Percentage Of Renters Overburdened | 35.52% ± 13.7pp |
| Total Population | 5,420 |
Population and Household Demographics
Hoopeston is a city in Vermilion County, Illinois with a population of 5,420. There are 2,324 households in the city with an average household size of 2.30 persons. 36.7% of households in Hoopeston are renters.
Income and Rent Overburden in Hoopeston
The median gross income for households in Hoopeston is $41,362 a year, or $3,447 a month. The median rent for the city is $543 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Hoopeston, a household making less than $1,810 a month would be considered overburdened when renting an apartment at or above the median rent. 35.52% of households who rent are overburdened in Hoopeston.
Area Median Income In Hoopeston
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 Hoopeston, the AMI is calculated from all households within Vermilion County.
In Hoopeston, 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 Hoopeston
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 Hoopeston
| 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 Hoopeston 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 Hoopeston 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 Hoopeston 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 |
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