About This Property
Schoolhouse Apts offers 34 one-bedroom units designated for low-income elderly residents in Gibson City, Illinois. The property has been in service since 1993 and is financed through 4% Low-Income Housing Tax Credits. All 34 units serve the affordable housing needs of the community.
Waitlist Information
Waitlist managed by Housing Authority of the County of Ford
The Housing Authority has units for elderly/disabled individuals and families, including one apartment complex for elderly/disabled, a two-bedroom complex for families, and three-bedroom scattered single-family homes.
The waitlist opened on March 5, 2026. Income limits apply, with a Very Low Income limit of $46,000 per year for a family of four (FY2025 data). Applicants should contact the Housing Authority directly at (217) 784-5488 for application details.
Waitlist data provided by section8waitlist.org
Updated July 8, 2026
Property Details
Fair Market Rent - Ford County, IL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $553 |
| 1 Bedroom | $614 |
| 2 Bedroom | $807 |
| 3 Bedroom | $1,071 |
| 4 Bedroom | $1,075 |
Income Limits - Ford County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,150
- Very Low (50%)
- $30,250
- Low (80%)
- $48,400
- Extremely Low (30%)
- $20,750
- Very Low (50%)
- $34,600
- Low (80%)
- $55,300
- Extremely Low (30%)
- $23,350
- Very Low (50%)
- $38,900
- Low (80%)
- $62,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,200
- Low (80%)
- $69,100
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,700
- Low (80%)
- $74,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,150
- Low (80%)
- $80,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,600
- Low (80%)
- $85,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,050
- Low (80%)
- $91,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,150 | $30,250 | $48,400 |
| 2 Persons | $20,750 | $34,600 | $55,300 |
| 3 Persons | $23,350 | $38,900 | $62,200 |
| 4 Persons | $26,500 | $43,200 | $69,100 |
| 5 Persons | $31,040 | $46,700 | $74,650 |
| 6 Persons | $35,580 | $50,150 | $80,200 |
| 7 Persons | $40,120 | $53,600 | $85,700 |
| 8 Persons | $44,660 | $57,050 | $91,250 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Gibson City, IL?+
The Fair Market Rent (FMR) for Ford County, IL is: $553 (Studio), $614 (1BR), $807 (2BR), $1071 (3BR), $1075 (4BR). Actual rent at subsidized properties like Schoolhouse Apts is typically 30% of household income or less.
What size apartments are available at Schoolhouse Apts?+
Schoolhouse Apts offers the following unit types: 34 One-Bedroom units, for a total of 34 units.
What are the income limits for affordable housing in Ford County, IL?+
For a 4-person household in Ford County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,200, Low Income (80% AMI): $69,100. These limits are set by HUD and updated annually.
What is the price range for apartments in Gibson City, IL?+
Based on Fair Market Rent for Ford County, the estimated price range is: 1-bedroom: $614. Actual rent at Schoolhouse Apts may be lower for income-eligible households.
Is there a waitlist for Schoolhouse Apts?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who is eligible to live at Schoolhouse Apts?+
Schoolhouse Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Schoolhouse Apts?+
Schoolhouse Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Schoolhouse Apts?+
Schoolhouse Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
