Affordable Housing In Mount Vernon
Jefferson County, Illinois

10 Low Income Apartment Communities In Mount Vernon

Mt Vernon II Apartments

908 Ellis Dr
Mount Vernon, IL
Call For Rent
1-2 BR
Subsidized

Mt Vernon l Lamplight Manor

902 Salem Rd
Mount Vernon, IL
Call For Rent
1-2 BR

Willow Springs Apartments

4000 Willow Spgs
Mount Vernon, IL
Subsidized

Mt Vernon Elderly

4217 Rose Ln
Mount Vernon, IL
Subsidized

Martin Lamplighter

Old Salem Rd
Mount Vernon, IL
HCV Welcome

Cedar Pointe

Cedar Pointe
Mount Vernon, IL
HCV Welcome

College Oakes Park

College Oakes Park
Mount Vernon, IL
HCV Welcome

Mt Veron Senior Building

S 42nd St & Veterans
Mount Vernon, IL
HCV Welcome

Southtown 59 - 1

932 Conger Ave
Mount Vernon, IL

Garden Glen Apartments

1401 S 34th St
Mount Vernon, IL
HCV Welcome
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Housing Authorities that serve Mount Vernon

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

Guide To Affordable Housing in Mount Vernon, Illinois

According to federal housing data and AffordableHousingOnline.com research, there are 10 low income housing apartment communities offering 710 affordable apartments for rent in Mount Vernon, Illinois. Mount Vernon features 394 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 316 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Mount Vernon.

Mount Vernon, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 10
Total Low Income Apartments 710
Total Housing Units with Rental Assistance 394
Percentage of Housing Units Occupied By Renters 41.23%
Average Renter Household Size 2.03
Average Household Size 2.19
Median Household Income $36,218 ±$3,221
Median Rent $595 ±$24
Percentage Of Renters Overburdened 42.77% ± 6.22pp
Total Population 15,136

Population and Household Demographics

Mount Vernon is a City in Jefferson County, Illinois with a population of 15,136. There are 6,713 households in the city with an average household size of 2.19 persons. 41.23% of households in Mount Vernon are renters.

Income and Rent Overburden in Mount Vernon

The median gross income for households in Mount Vernon is $36,218 a year, or $3,018 a month. The median rent for the city is $595 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mount Vernon, a household making less than $1,983 a month would be considered overburdened when renting an apartment at or above the median rent. 42.77% of households who rent are overburdened in Mount Vernon.1

Area Median Income In Mount Vernon

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 Mount Vernon, the AMI is calculated from all households within Jefferson County.

In Mount Vernon, HUD calculates the Area Median Income for a family of four as $60,600

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 Mount Vernon

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 Mount Vernon HUD Rental Assistance in Mount Vernon

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $13,950 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $23,250 $26,550 $29,850 $33,150 $35,850 $38,500 $41,150 $43,800
80% of Median $37,150 $42,450 $47,750 $53,050 $57,300 $61,550 $65,800 $70,050
Low Income Housing Tax Credits in Mount Vernon

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1996 to 1996, 1 low income apartment communities containing 141 rental apartments have been constructed and made affordable to low income persons in Mount Vernon 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 Mount Vernon

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,250 $26,550 $29,850 $33,150 $35,850 $38,500 $41,150 $43,800
60% of Median $27,900 $31,860 $35,820 $39,780 $43,020 $46,200 $49,380 $52,560

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 Mount Vernon is $35,820 a year, or $2,985 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,985 by 30% to get a maximum rent of $896 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% $581 $623 $746 $863 $963 $1,062
60% $698 $747 $896 $1,035 $1,155 $1,274
Fair Market Rents in Mount Vernon

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
$470 $556 $715 $902 $969