Affordable Housing In Vermilion County
29 Low Income Apartment Communities In Vermilion County
Housing Authorities that serve Vermilion County
|Housing Authority of the County of Vermilion Ill.||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Housing Authority of the City of Danville||Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP)|
Guide To Affordable Housing in Vermilion County, Illinois
There are 29 low income housing apartment communities offering 2,372 affordable apartments for rent in Vermilion County, Illinois.
Income Based Apartments in Vermilion County, Illinois
Vermilion County features 2,122 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 Vermilion County, Illinois
There are 250 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Vermilion County.
Housing Choice Vouchers in Vermilion County, Illinois
On average, Section 8 Housing Choice vouchers pay Vermilion County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Vermilion County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Vermilion County, Illinois for a two-bedroom apartment is between $666 and $814.
2020 Vermilion County, 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||$482||$572||$740||$969||$1,002|
|Payment Standard Range||$434 to $530||$515 to $629||$666 to $814||$872 to $1,066||$902 to $1,102|
Sourced from federal housing data and AffordableHousingOnline.com research.
Vermilion County, IL Affordable Housing Snapshot
|Total Affordable Apartment Properties||29|
|Total Low Income Apartments||2,372|
|Total Housing Units with Rental Assistance||2,122|
|Percentage of Housing Units Occupied By Renters||31.02%|
|Average Renter Household Size||2.50|
|Average Household Size||2.47|
|Median Household Income||$42,977 ±$1,779|
|Median Rent||$638 ±$17|
|Percentage Of Renters Overburdened||41.43% ± 3.87pp|
Population and Household Demographics
Vermilion County is a county in Illinois with a population of 80,368. There are 31,531 households in the county with an average household size of 2.47 persons. 31.02% of households in Vermilion County are renters.
Income and Rent Overburden in Vermilion County
The median gross income for households in Vermilion County is $42,977 a year, or $3,581 a month. The median rent for the county is $638 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Vermilion County, a household making less than $2,127 a month would be considered overburdened when renting an apartment at or above the median rent. 41.43% of households who rent are overburdened in Vermilion County.
Area Median Income In Vermilion County
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.
In Vermilion County, HUD calculates the Area Median Income for a family of four as $55,600
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 Vermilion County
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 Vermilion County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,250||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$23,700||$27,100||$30,500||$33,850||$36,600||$39,300||$42,000||$44,700|
|80% of Median||$37,950||$43,350||$48,750||$54,150||$58,500||$62,850||$67,150||$71,500|
Cities In Vermilion County
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