Affordable Housing In North Aurora
Kane County, Illinois

2 Low Income Apartment Communities In North Aurora

Greencastle of North Aurora, Inc

100 Mitchell Rd
North Aurora, IL
62+
Accessible
Elderly Supportive Housing
Subsidized

North Aurora Senior Housing Pr

204 Magnolia Dr
North Aurora, IL
HCV Welcome
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Housing Authorities that serve North Aurora

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

Guide To Affordable Housing in North Aurora, Illinois

According to federal housing data and AffordableHousingOnline.com research, there are 2 low income housing apartment communities offering 74 affordable apartments for rent in North Aurora, Illinois. North Aurora features 60 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 14 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in North Aurora.

North Aurora, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 74
Total Housing Units with Rental Assistance 60
Percentage of Housing Units Occupied By Renters 21.02%
Average Renter Household Size 2.40
Average Household Size 2.82
Median Household Income $78,948 ±$2,974
Median Rent $912 ±$105
Percentage Of Renters Overburdened 53.65% ± 11.09pp
Total Population 17,154

Population and Household Demographics

North Aurora is a City in Kane County, Illinois with a population of 17,154. There are 5,995 households in the city with an average household size of 2.82 persons. 21.02% of households in North Aurora are renters.

Income and Rent Overburden in North Aurora

The median gross income for households in North Aurora is $78,948 a year, or $6,579 a month. The median rent for the city is $912 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In North Aurora, a household making less than $3,040 a month would be considered overburdened when renting an apartment at or above the median rent. 53.65% of households who rent are overburdened in North Aurora.1

Area Median Income In North Aurora

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 North Aurora, the AMI is calculated from all households within Kane County.

In North Aurora, HUD calculates the Area Median Income for a family of four as $89,100

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 North Aurora

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 North Aurora HUD Rental Assistance in North Aurora

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,750 $21,400 $24,100 $26,750 $30,170 $34,590 $39,010 $43,430
50% of Median $31,200 $35,650 $40,100 $44,550 $48,150 $51,700 $55,250 $58,850
80% of Median $49,950 $57,050 $64,200 $71,300 $77,050 $82,750 $88,450 $94,150

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 North Aurora

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $31,200 $35,650 $40,100 $44,550 $48,150 $51,700 $55,250 $58,850
60% of Median $37,440 $42,780 $48,120 $53,460 $57,780 $62,040 $66,300 $70,620

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 North Aurora is $48,120 a year, or $4,010 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,010 by 30% to get a maximum rent of $1,203 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% $780 $836 $1,003 $1,159 $1,293 $1,426
60% $936 $1,003 $1,203 $1,391 $1,551 $1,712
Fair Market Rents in North Aurora

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
$956 $1,076 $1,248 $1,585 $1,888