About This Property
Red Bud Apts comprises 20 low-income rental units in Red Bud, Illinois, with a mix of eight 1-bedroom and twelve 2-bedroom apartments. The property has been in service since 1993 and is financed through 4% Low-Income Housing Tax Credits. The community serves Randolph County residents seeking affordable rental housing.
Property Details
Fair Market Rent - Randolph 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 | $547 |
| 1 Bedroom | $614 |
| 2 Bedroom | $807 |
| 3 Bedroom | $1,040 |
| 4 Bedroom | $1,285 |
Income Limits - Randolph County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,700
- Very Low (50%)
- $24,500
- Low (80%)
- $39,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,000
- Low (80%)
- $44,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,500
- Low (80%)
- $50,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,950
- Low (80%)
- $55,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,750
- Low (80%)
- $60,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,550
- Low (80%)
- $64,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,350
- Low (80%)
- $69,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,150
- Low (80%)
- $73,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,700 | $24,500 | $39,150 |
| 2 Persons | $17,420 | $28,000 | $44,750 |
| 3 Persons | $21,960 | $31,500 | $50,350 |
| 4 Persons | $26,500 | $34,950 | $55,900 |
| 5 Persons | $31,040 | $37,750 | $60,400 |
| 6 Persons | $35,580 | $40,550 | $64,850 |
| 7 Persons | $40,120 | $43,350 | $69,350 |
| 8 Persons | $44,660 | $46,150 | $73,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Red Bud, IL?+
The Fair Market Rent (FMR) for Randolph County, IL is: $547 (Studio), $614 (1BR), $807 (2BR), $1040 (3BR), $1285 (4BR). Actual rent at subsidized properties like Red Bud Apts is typically 30% of household income or less.
What size apartments are available at Red Bud Apts?+
Red Bud Apts offers the following unit types: 8 One-Bedroom, 12 Two-Bedroom units, for a total of 20 units.
Who manages Red Bud Apts?+
Red Bud Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Randolph County, IL?+
For a 4-person household in Randolph County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,950, Low Income (80% AMI): $55,900. These limits are set by HUD and updated annually.
How do I apply for housing at Red Bud Apts?+
Red Bud 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 is the price range for apartments in Red Bud, IL?+
Based on Fair Market Rent for Randolph County, the estimated price range is: 1-bedroom: $614, 2-bedroom: $807. Actual rent at Red Bud Apts may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
