Affordable Housing In Pekin
Peoria County Illinois

12 Low Income Apartment Communities In Pekin

Willow Oaks Apartments I

1225 Florence Ave
Pekin, IL
Subsidized

Sunset Hill

1825 Vienna Ct
Pekin, IL
Subsidized

Brookmeadows

2315 Broadway St
Pekin, IL
Subsidized

Court Place

230 Court St
Pekin, IL
Subsidized

Uaw Senior Citizens Center

444 S Parkway Dr
Pekin, IL
Subsidized

Prairie View Villas

3246 Vandever Ave
Pekin, IL
Accessible
Disabled Supportive Housing
Subsidized

Twin Oaks Apartments

2411 S 14th St
Pekin, IL
62+
Accessible
Elderly Supportive Housing
Subsidized

Valle Vista Apartments

1410 Valle Vista Blvd
Pekin, IL
62+
Accessible
Elderly Supportive Housing
Subsidized

Sun Valley Apartments Aka Majestic Manor

1300 Windflower St
Pekin, IL
HCV Welcome

343 S 4th St

343 S 4th St
Pekin, IL

There are 12 low income housing apartment complexes which contain 1,278 affordable apartments for rent in Pekin. Many of these rental apartments are income based housing with 1,061 apartments that set rent based on your income. In Pekin, HUD housing programs support 812 rental assistance apartments through programs like Project-based Section 8. There are 217 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

Housing Authorities that serve Pekin

Housing Authority Programs
Housing Authority of the City of Pekin Public Housing

Guide To Affordable Housing in Pekin, Illinois

Pekin, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 1,278
Total Rent Assisted Apartments 1,061
Percentage of Housing Units Occupied By Renters 31.87%
Average Renter Household Size 2.06
Total Population 33,905
Housing Units 13,964
Average Household Size 2.31
Median Household Income $48,862 ±$2,807
Median Rent $642 ±$24
Percentage Of Renters Overburdened 31.96% ± 5.26pp

Population and Household Demographics

Pekin is a City in Peoria County, Illinois with a population of 33,905. There are 13,964 households in the city with an average household size of 2.31 persons. 31.87% of households in Pekin are renters.

Income and Rent Overburden in Pekin

The median gross income for households in Pekin is $48,862 a year, or $4,072 a month. The median rent for the city is $642 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Pekin, a household making less than $2,140 a month would be considered overburdened when renting an apartment at or above the median rent. 31.96% of households who rent are overburdened in Pekin.1

Area Median Income In Pekin

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 Pekin, the AMI is calculated from all households within Peoria County.

In Pekin, HUD calculates the Area Median Income for a family of four as $76,900

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 Pekin

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 Pekin HUD Rental Assistance in Pekin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,150 $18,450 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,950 $30,800 $34,650 $38,450 $41,550 $44,650 $47,700 $50,800
80% of Median $43,050 $49,200 $55,350 $61,500 $66,450 $71,350 $76,300 $81,200
Low Income Housing Tax Credits in Pekin

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

From 1993 to 2007, 3 low income apartment communities containing 201 rental apartments have been constructed and made affordable to low income persons in Pekin 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 Pekin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $32,340 $36,960 $41,580 $46,140 $49,860 $53,580 $57,240 $60,960

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 Pekin is $41,580 a year, or $3,465 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,465 by 30% to get a maximum rent of $1,040 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% $674 $722 $866 $1,000 $1,116 $1,231
60% $809 $866 $1,040 $1,200 $1,340 $1,478
Fair Market Rents in Pekin

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$573 $629 $798 $1,022 $1,151