About This Property
New Hope Apts comprises 79 studio units in Peoria that have been in service since 2008. The property serves homeless individuals and is operated as a non-profit. All units are designated as low-income housing.
Waitlist Information
Waitlist managed by Peoria Housing Authority
Last accepted applications from July 2021 to October 2, 2023. No announced future opening date. When open, preferences may include veterans, elderly, disabled, working families, or local residents; working preference requires six months of continuous full-time employment.
The HCV waiting list last opened on January 1, 2025, and closed on January 10, 2025. When open, preferences include 12 months Peoria County residency, 6 consecutive months employment, documented disability for Head of Household, full-time student, Economic Self-Sufficiency Participant, or U.S. veteran (Head of Household or Spouse).
Waitlist data provided by section8waitlist.org
Updated July 29, 2026
Property Details
Fair Market Rent - Peoria 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 | $683 |
| 1 Bedroom | $756 |
| 2 Bedroom | $965 |
| 3 Bedroom | $1,258 |
| 4 Bedroom | $1,293 |
Income Limits - Peoria County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,050
- Very Low (50%)
- $26,750
- Low (80%)
- $42,750
- Extremely Low (30%)
- $18,350
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,150
- Low (80%)
- $61,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $41,250
- Low (80%)
- $65,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $44,300
- Low (80%)
- $70,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $47,350
- Low (80%)
- $75,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $50,400
- Low (80%)
- $80,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,050 | $26,750 | $42,750 |
| 2 Persons | $18,350 | $30,550 | $48,850 |
| 3 Persons | $21,960 | $34,350 | $54,950 |
| 4 Persons | $26,500 | $38,150 | $61,050 |
| 5 Persons | $31,040 | $41,250 | $65,950 |
| 6 Persons | $35,580 | $44,300 | $70,850 |
| 7 Persons | $40,120 | $47,350 | $75,750 |
| 8 Persons | $44,660 | $50,400 | $80,600 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Peoria, IL?+
The Fair Market Rent (FMR) for Peoria County, IL is: $683 (Studio), $756 (1BR), $965 (2BR), $1258 (3BR), $1293 (4BR). Actual rent at subsidized properties like New Hope Apts is typically 30% of household income or less.
What size apartments are available at New Hope Apts?+
New Hope Apts offers the following unit types: 79 Studio units, for a total of 79 units.
What are the income limits for affordable housing in Peoria County, IL?+
For a 4-person household in Peoria County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,150, Low Income (80% AMI): $61,050. These limits are set by HUD and updated annually.
Who is eligible to live at New Hope Apts?+
New Hope Apts primarily serves formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages New Hope Apts?+
New Hope Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at New Hope Apts?+
New Hope 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.
Is there a waitlist for New Hope Apts?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. 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
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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