Affordable Housing In Industry
McDonough County, Illinois

Section 8 Vouchers, Apartments, and Waiting Lists in Industry, 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 Industry, Illinois

Housing Authority Programs
Housing Authority of McDonough County Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Industry, Illinois

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Industry, Illinois.

Income Based Apartments in Industry, Illinois

Industry features 0 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 Industry, Illinois

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Industry.

Housing Choice Vouchers in Industry, Illinois

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Industry, Illinois for a two-bedroom apartment is between $715 and $873.

2023 Industry, 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
Industry, Illinois Fair Market Rent $545 $650 $794 $1,078 $1,232
Industry, Illinois Payment Standard Range $491 to $600 $585 to $715 $715 to $873 $970 to $1,186 $1,109 to $1,355

Sourced from federal housing data and research.

Industry, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 10.24%
Average Renter Household Size 1.88
Average Household Size 2.39
Median Household Income $58,000 ±$10,010
Median Rent $596 ±$220
Percentage Of Renters Overburdened 11.76% ± 114.16pp
Total Population 396

Population and Household Demographics

Industry is a city in McDonough County, Illinois with a population of 396. There are 166 households in the city with an average household size of 2.39 persons. 10.24% of households in Industry are renters.

Income and Rent Overburden in Industry

The median gross income for households in Industry is $58,000 a year, or $4,833 a month. The median rent for the city is $596 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Industry, a household making less than $1,987 a month would be considered overburdened when renting an apartment at or above the median rent. 11.76% of households who rent are overburdened in Industry.

Area Median Income In Industry

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 Industry, the AMI is calculated from all households within McDonough County.

In Industry, HUD calculates the Area Median Income for a family of four as $78,300

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 Industry

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 Industry

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 Industry AMI may qualify for rental assistance programs that target Extremely Low Income households.
$16,450 $18,800 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Industry AMI may qualify for rental assistance programs that target Very Low Income households.
$27,450 $31,350 $35,250 $39,150 $42,300 $45,450 $48,550 $51,700
80% AMI Income Limits
Renters earning up to 80% of the Industry AMI may qualify for rental assistance programs that target Low Income households.
$43,900 $50,150 $56,400 $62,650 $67,700 $72,700 $77,700 $82,700