Affordable Housing In McLean County
Illinois

31 Low Income Apartment Communities In McLean County

Lincoln Square Apartments

1700 N.School Street
Normal, IL
Income Based
1-3 BR
Subsidized

Traditions Bloomington Apartments

901 Valley View Cir
Bloomington, IL
$512-975
1-3 BR
HCV Welcome

Lancaster Heights Apartments

1462 E College Ave
Normal, IL
$685-1,015
1-3 BR
HCV Welcome

Lexington Place Apartments

708
Lexington, IL
Call For Rent
1-2 BR
Subsidized

Amanda Brooke Apartments

1402 E College Avenue
Normal, IL
Subsidized

Phoenix Towers Apartments

202 W Locust St
Bloomington, IL

Orlando Northbrook Estates

710 Orlando Ave
Normal, IL
Subsidized

The Downtowner

109 W Market St
Bloomington, IL
Subsidized

Lincoln Towers

202 S Roosevelt Ave
Bloomington, IL
Subsidized

Anglers Manor Apartments

1017 S Mercer Avenue
Bloomington, IL
Subsidized

Housing Authorities that serve McLean County

Housing Authority Programs
Housing Authority of the County of McLean Ill. Section 8 Housing Choice Voucher (HCV)

Other Housing Authorities located in McLean County

Housing Authority Programs
Housing Authority of the City of Bloomington Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Mainstream Voucher

Guide To Affordable Housing in McLean County, Illinois

There are 31 low income housing apartment communities offering 2,961 affordable apartments for rent in McLean County, Illinois. McLean County features 1,459 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,502 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in McLean County.

Sourced from federal housing data and AffordableHousingOnline.com research.

McLean County, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 31
Total Low Income Apartments 2,961
Total Housing Units with Rental Assistance 1,459
Percentage of Housing Units Occupied By Renters 34.34%
Average Renter Household Size 2.32
Average Household Size 2.53
Median Household Income $62,211 ±$1,191
Median Rent $780 ±$17
Percentage Of Renters Overburdened 44.03% ± 2.87pp
Total Population 173,114

Population and Household Demographics

McLean County is a County in Illinois with a population of 173,114. There are 65,346 households in the county with an average household size of 2.53 persons. 34.34% of households in McLean County are renters.

Income and Rent Overburden in McLean County

The median gross income for households in McLean County is $62,211 a year, or $5,184 a month. The median rent for the county is $780 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In McLean County, a household making less than $2,600 a month would be considered overburdened when renting an apartment at or above the median rent. 44.03% of households who rent are overburdened in McLean County.1

Area Median Income In McLean 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 McLean County, HUD calculates the Area Median Income for a family of four as $88,300

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 McLean 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 McLean County HUD Rental Assistance in McLean County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,550 $21,200 $23,850 $26,500 $30,170 $34,590 $39,010 $43,430
50% of Median $30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300
80% of Median $49,500 $56,550 $63,600 $70,650 $76,350 $82,000 $87,650 $93,300
Low Income Housing Tax Credits in McLean 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 2007, 22 low income apartment communities containing 1,777 rental apartments have been constructed and made affordable to low income persons in McLean 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 McLean County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $30,950 $35,350 $39,750 $44,150 $47,700 $51,250 $54,750 $58,300
60% of Median $37,140 $42,420 $47,700 $52,980 $57,240 $61,500 $65,700 $69,960

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 McLean County is $47,700 a year, or $3,975 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,975 by 30% to get a maximum rent of $1,193 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% $774 $829 $994 $1,148 $1,281 $1,413
60% $929 $995 $1,193 $1,378 $1,538 $1,696
Fair Market Rents in McLean 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
$579 $648 $827 $1,160 $1,423

Cities In McLean County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Bloomington 14 The HUD funded Public Housing Agencies that serve Bloomington are the Housing Authority of the City of Bloomington and Housing Authority of the County of McLean Ill..
Heyworth 1 The HUD funded Public Housing Agency that serves Heyworth is the Housing Authority of the County of McLean Ill..
Normal 9 The HUD funded Public Housing Agency that serves Normal is the Housing Authority of the County of McLean Ill..
Gridley 1 The HUD funded Public Housing Agency that serves Gridley is the Housing Authority of the County of McLean Ill..
Colfax 0 The HUD funded Public Housing Agency that serves Colfax is the Housing Authority of the County of McLean Ill..
Danvers 3 The HUD funded Public Housing Agency that serves Danvers is the Housing Authority of the County of McLean Ill..
El Paso 1 The HUD funded Public Housing Agency that serves El Paso is the Housing Authority of the County of McLean Ill..
Lexington 1 The HUD funded Public Housing Agency that serves Lexington is the Housing Authority of the County of McLean Ill..
Le Roy 1 The HUD funded Public Housing Agency that serves Le Roy is the Housing Authority of the County of McLean Ill..
Anchor 0
Arrowsmith 0
Bellflower 0
Carlock 0
Chenoa 0
Cooksville 0
Downs 0
Ellsworth 0
Hudson 0
McLean 0
Saybrook 0
Stanford 0
Towanda 0
Twin Grove 0