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Affordable Housing In Hoopeston
Vermilion County, Illinois

6 Low Income Apartment Communities In Hoopeston

Wyman Terrace Apartments

710 E Wyman St
Hoopeston, Illinois
Call For Rent
1-2 BR

Fortees Apartments

and 05- 725 S 1st Ave
Hoopeston, Illinois
Call For Rent
1-2 BR

Prairie Meadows Homes

1200 Daisy Ln
Hoopeston, Illinois

Plaza Commons

715 W Elm St
Hoopeston, Illinois
Subsidized

Centennial Manor

426 E Honeywell Ave
Hoopeston, Illinois

Country Manor Apartments

824 E Wyman Ave
Hoopeston, Illinois
Subsidized
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Housing Authorities that serve Hoopeston

Housing Authority Programs
Housing Authority of the County of Vermilion Ill. Section 8 Housing Choice Voucher (HCV); Public Housing
Housing Authority of the City of Danville Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP)

Guide To Affordable Housing in Hoopeston, Illinois

There are 6 low income housing apartment communities offering 346 affordable apartments for rent in Hoopeston, Illinois.

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 70 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 $666 and $814.

2020 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
Fair Market Rent $482 $572 $740 $969 $1,002
Payment Standard Range $434 to $530 $515 to $629 $666 to $814 $872 to $1,066 $902 to $1,102

Sourced from federal housing data and AffordableHousingOnline.com research.

Hoopeston, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 346
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 $55,600

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 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

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,250 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $23,700 $27,100 $30,500 $33,850 $36,600 $39,300 $42,000 $44,700
80% of Median $37,950 $43,350 $48,750 $54,150 $58,500 $62,850 $67,150 $71,500