Affordable Housing In Northlake
2 Low Income Apartment Communities In Northlake
Housing Authorities that serve Northlake
|Housing Authority of Cook County||Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)|
Guide To Affordable Housing in Northlake, Illinois
There are 2 low income housing apartment communities offering 144 affordable apartments for rent in Northlake, Illinois.
Income Based Apartments in Northlake, Illinois
Northlake features 73 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 Northlake, Illinois
There are 71 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Northlake.
Housing Choice Vouchers in Northlake, Illinois
On average, Section 8 Housing Choice vouchers pay Northlake landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Northlake.
The maximum amount a voucher would pay on behalf of a low-income tenant in Northlake, Illinois for a two-bedroom apartment is between $1,169 and $1,429.
2021 Northlake, 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|
|Northlake, Illinois Fair Market Rent||$1,012||$1,122||$1,299||$1,649||$1,969|
|Northlake, Illinois Payment Standard Range||$911 to $1,113||$1,010 to $1,234||$1,169 to $1,429||$1,484 to $1,814||$1,772 to $2,166|
Sourced from federal housing data and AffordableHousingOnline.com research.
Northlake, IL Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||144|
|Total Housing Units with Rental Assistance||73|
|Percentage of Housing Units Occupied By Renters||31.57%|
|Average Renter Household Size||2.44|
|Average Household Size||3.34|
|Median Household Income||$53,170 ±$7,915|
|Median Rent||$819 ±$46|
|Percentage Of Renters Overburdened||49.52% ± 10.15pp|
Population and Household Demographics
Northlake is a city in Cook County, Illinois with a population of 12,353. There are 3,621 households in the city with an average household size of 3.34 persons. 31.57% of households in Northlake are renters.
Income and Rent Overburden in Northlake
The median gross income for households in Northlake is $53,170 a year, or $4,431 a month. The median rent for the city is $819 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Northlake, a household making less than $2,730 a month would be considered overburdened when renting an apartment at or above the median rent. 49.52% of households who rent are overburdened in Northlake.
Area Median Income In Northlake
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 Northlake, the AMI is calculated from all households within Cook County.
In Northlake, HUD calculates the Area Median Income for a family of four as $91,000
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 Northlake
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 Northlake
|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 Northlake AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Northlake AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Northlake AMI may qualify for rental assistance programs that target Low Income households.