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 waiting list is open for families and elderly/disabled individuals, with units including 1, 2, and 3-bedroom options. Eligibility is based on annual gross income, age or disability status, and US citizenship or eligible immigration status. Preferences may include veterans, elderly, disabled, working families, or local residents.
The HCV waiting list is currently accepting pre-applications. Eligibility requires household income to be below HUD's income limits for Ford County, IL, with preferences that may include veterans, elderly, disabled, working families, or local residents.
Waitlist data provided by section8waitlist.org
Updated April 18, 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 |
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.
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.
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.
Who manages Schoolhouse Apts?+
Schoolhouse Apts is managed by . You can reach them at . Visit their website for more information.
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.
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.
Is there a waitlist for Schoolhouse Apts?+
Public Housing waitlist is currently Open. 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
