About This Property
Plaza Commons comprises 32 one-bedroom units designed to serve elderly residents in Hoopeston, Illinois. The property has been in service since 1994 and utilizes 4% Low-Income Housing Tax Credits to maintain affordability. All 32 units are designated as low-income housing.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Vermilion 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 | $691 |
| 1 Bedroom | $728 |
| 2 Bedroom | $956 |
| 3 Bedroom | $1,191 |
| 4 Bedroom | $1,273 |
Income Limits - Vermilion County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,800
- Low (80%)
- $38,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,200
- Low (80%)
- $43,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,600
- Low (80%)
- $48,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,700
- Low (80%)
- $58,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,400
- Low (80%)
- $63,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,100
- Low (80%)
- $67,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,850
- Low (80%)
- $71,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,800 | $38,050 |
| 2 Persons | $17,420 | $27,200 | $43,450 |
| 3 Persons | $21,960 | $30,600 | $48,900 |
| 4 Persons | $26,500 | $33,950 | $54,300 |
| 5 Persons | $31,040 | $36,700 | $58,650 |
| 6 Persons | $35,580 | $39,400 | $63,000 |
| 7 Persons | $40,120 | $42,100 | $67,350 |
| 8 Persons | $44,660 | $44,850 | $71,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Hoopeston, IL?+
The Fair Market Rent (FMR) for Vermilion County, IL is: $691 (Studio), $728 (1BR), $956 (2BR), $1191 (3BR), $1273 (4BR). Actual rent at subsidized properties like Plaza Commons is typically 30% of household income or less.
What size apartments are available at Plaza Commons?+
Plaza Commons offers the following unit types: 32 One-Bedroom units, for a total of 32 units.
Who manages Plaza Commons?+
Plaza Commons is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Hoopeston, IL?+
Based on Fair Market Rent for Vermilion County, the estimated price range is: 1-bedroom: $728. Actual rent at Plaza Commons may be lower for income-eligible households.
How do I apply for housing at Plaza Commons?+
Plaza Commons 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 Vermilion County, IL?+
For a 4-person household in Vermilion County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,950, Low Income (80% AMI): $54,300. These limits are set by HUD and updated annually.
Who is eligible to live at Plaza Commons?+
Plaza Commons 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 HUD inspection score for Plaza Commons?+
Plaza Commons has a HUD inspection score of 74 out of 100, which is considered adequate. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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