Affordable Housing In Richton Park
Cook County, Illinois

3 Low Income Apartment Communities In Richton Park

Cedar Ridge Elderly Apartments

950 Cedar Ridge Lane
Richton Park, Illinois
Income Based
1 BR
Subsidized
62+

Carriage Creek Apartments

22501 Butterfield Rd
Richton Park, Illinois
$555-825
1-2 BR

The Residences at Carriage Creek

4200 Sauk Trl
Richton Park, Illinois
Call For Rent
1-2 BR
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Section 8 Vouchers, Apartments, and Waiting Lists in Richton Park, Illinois

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Richton Park, Illinois

Housing Authority Programs
Housing Authority of Cook County Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Richton Park, Illinois

There are 3 low income housing apartment communities offering 478 affordable apartments for rent in Richton Park, Illinois.

Income Based Apartments in Richton Park, Illinois

Richton Park features 192 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 Richton Park, Illinois

There are 286 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richton Park.

Housing Choice Vouchers in Richton Park, Illinois

On average, Section 8 Housing Choice vouchers pay Richton Park landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Richton Park.

The maximum amount a voucher would pay on behalf of a low-income tenant in Richton Park, Illinois for a two-bedroom apartment is between $1,206 and $1,474.

2022 Richton Park, 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
Richton Park, Illinois Fair Market Rent $1,059 $1,161 $1,340 $1,697 $2,018
Richton Park, Illinois Payment Standard Range $953 to $1,165 $1,045 to $1,277 $1,206 to $1,474 $1,527 to $1,867 $1,816 to $2,220

Sourced from federal housing data and AffordableHousingOnline.com research.

Richton Park, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 478
Total Housing Units with Rental Assistance 192
Percentage of Housing Units Occupied By Renters 41.68%
Average Renter Household Size 2.32
Average Household Size 2.62
Median Household Income $53,132 ±$4,301
Median Rent $1,011 ±$76
Percentage Of Renters Overburdened 47.38% ± 9.19pp
Total Population 13,744

Population and Household Demographics

Richton Park is a city in Cook County, Illinois with a population of 13,744. There are 5,166 households in the city with an average household size of 2.62 persons. 41.68% of households in Richton Park are renters.

Income and Rent Overburden in Richton Park

The median gross income for households in Richton Park is $53,132 a year, or $4,428 a month. The median rent for the city is $1,011 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Richton Park, a household making less than $3,370 a month would be considered overburdened when renting an apartment at or above the median rent. 47.38% of households who rent are overburdened in Richton Park.

Area Median Income In Richton Park

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 Richton Park, the AMI is calculated from all households within Cook County.

In Richton Park, HUD calculates the Area Median Income for a family of four as $107,800

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 Richton Park

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 Richton Park

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 Richton Park AMI may qualify for rental assistance programs that target Extremely Low Income households.
$21,900 $25,000 $28,150 $31,250 $33,750 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Richton Park AMI may qualify for rental assistance programs that target Very Low Income households.
$36,500 $41,700 $46,900 $52,100 $56,300 $60,450 $64,650 $68,800
80% AMI Income Limits
Renters earning up to 80% of the Richton Park AMI may qualify for rental assistance programs that target Low Income households.
$58,350 $66,700 $75,050 $83,350 $90,050 $96,700 $103,400 $110,050