Affordable Housing In Summit
Cook County, Illinois

2 Low Income Apartment Communities In Summit

Summit Senior Living

7455 W 63rd Pl
Summit, Illinois
Call For Rent
1-2 BR
62+

Summit Senior Building Phase I

7455 W 63rd Pl
Summit, Illinois
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Section 8 Vouchers, Apartments, and Waiting Lists in Summit, 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 Summit, 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 Summit, Illinois

There are 2 low income housing apartment communities offering 138 affordable apartments for rent in Summit, Illinois.

Income Based Apartments in Summit, Illinois

Summit features 138 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 Summit, Illinois

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Summit.

Housing Choice Vouchers in Summit, Illinois

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

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

2022 Summit, 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
Summit, Illinois Fair Market Rent $1,059 $1,161 $1,340 $1,697 $2,018
Summit, 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.

Summit, IL Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 138
Total Housing Units with Rental Assistance 138
Percentage of Housing Units Occupied By Renters 49.2%
Average Renter Household Size 3.16
Average Household Size 3.50
Median Household Income $42,070 ±$5,565
Median Rent $822 ±$36
Percentage Of Renters Overburdened 45.01% ± 9.73pp
Total Population 11,447

Population and Household Demographics

Summit is a city in Cook County, Illinois with a population of 11,447. There are 3,260 households in the city with an average household size of 3.50 persons. 49.2% of households in Summit are renters.

Income and Rent Overburden in Summit

The median gross income for households in Summit is $42,070 a year, or $3,506 a month. The median rent for the city is $822 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Summit, a household making less than $2,740 a month would be considered overburdened when renting an apartment at or above the median rent. 45.01% of households who rent are overburdened in Summit.

Area Median Income In Summit

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

In Summit, 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 Summit

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 Summit

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 Summit 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 Summit 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 Summit 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