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Affordable Housing In Riverdale
Cook County, Illinois


Waiting List Openings In Riverdale

Waiting ListStatus
Housing Authority of Cook County Housing Choice Voucher Open Now

4 Low Income Apartment Communities In Riverdale

Home - Riverdale Senior Rental Housing

144th And Indiana Ave
Riverdale, Illinois

Riverdale

335 W 138th St
Riverdale, Illinois

Riverdale Manor

145th and Indiana Ave
Riverdale, Illinois

Pacesetter Phase I

Lowe and Wallace Aves
Riverdale, Illinois
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Housing Authorities that serve Riverdale

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

Guide To Affordable Housing in Riverdale, Illinois

There are 4 low income housing apartment communities offering 356 affordable apartments for rent in Riverdale, Illinois.

Income Based Apartments in Riverdale, Illinois

Riverdale features 52 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 Riverdale, Illinois

There are 304 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Riverdale.

Housing Choice Vouchers in Riverdale, Illinois

On average, Section 8 Housing Choice vouchers pay Riverdale landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Riverdale.

The maximum amount a voucher would pay on behalf of a low-income tenant in Riverdale, Illinois for a two-bedroom apartment is between $1,169 and $1,429.

2021 Riverdale, 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
Fair Market Rent $1,012 $1,122 $1,299 $1,649 $1,969
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.

Riverdale, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 356
Total Housing Units with Rental Assistance 52
Percentage of Housing Units Occupied By Renters 54.82%
Average Renter Household Size 2.60
Average Household Size 2.65
Median Household Income $32,301 ±$4,726
Median Rent $836 ±$45
Percentage Of Renters Overburdened 47.57% ± 7.75pp
Total Population 13,106

Population and Household Demographics

Riverdale is a city in Cook County, Illinois with a population of 13,106. There are 4,927 households in the city with an average household size of 2.65 persons. 54.82% of households in Riverdale are renters.

Income and Rent Overburden in Riverdale

The median gross income for households in Riverdale is $32,301 a year, or $2,692 a month. The median rent for the city is $836 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Riverdale, a household making less than $2,787 a month would be considered overburdened when renting an apartment at or above the median rent. 47.57% of households who rent are overburdened in Riverdale.

Area Median Income In Riverdale

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

In Riverdale, 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 Riverdale

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 Riverdale

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,150 $21,850 $24,600 $27,300 $30,680 $35,160 $39,640 $44,120
50% of Median $31,850 $36,400 $40,950 $45,500 $49,150 $52,800 $56,450 $60,100
80% of Median $51,000 $58,250 $65,550 $72,800 $78,650 $84,450 $90,300 $96,100