About This Property
Prairie Meadows Homes offers 25 low-income residential units in Hoopeston, IL, consisting of 12 two-bedroom and 13 three-bedroom apartments. The property is funded through 4% Low-Income Housing Tax Credits and serves households with qualifying income levels. The community has been in service since 1988 and is professionally managed to maintain the units.
Property Details
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 Prairie Meadows Homes is typically 30% of household income or less.
What size apartments are available at Prairie Meadows Homes?+
Prairie Meadows Homes offers the following unit types: 12 Two-Bedroom, 13 Three-Bedroom units, for a total of 25 units.
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.
How do I apply for housing at Prairie Meadows Homes?+
Prairie Meadows Homes 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 Hoopeston, IL?+
Based on Fair Market Rent for Vermilion County, the estimated price range is: 2-bedroom: $956, 3-bedroom: $1191. Actual rent at Prairie Meadows Homes may be lower for income-eligible households.
Who manages Prairie Meadows Homes?+
Prairie Meadows Homes is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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