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There are 24 low-income apartments in New Baden that offer reduced rents to eligible households.
Rental assistance programs support 32 low-income homes in New Baden where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.
Affordable rent data for some communities last confirmed on April 23rd, 2021. Subdsidized rents typically change once a year based on federal guidance.
Public Housing Agencies Serving New Baden, Illinois
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
| Housing Authority | Programs |
|---|---|
| Menard County Housing Authority | Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV) |
New Baden, Illinois Affordable Housing Data
Income Based Apartments in New Baden, Illinois
New Baden features 32 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in New Baden, Illinois
There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Baden.
Housing Choice Vouchers in New Baden, Illinois
On average, Section 8 Housing Choice vouchers pay New Baden landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in New Baden.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Baden, Illinois for a two-bedroom apartment is between $1,088 and $1,330.
2024 New Baden, Illinois Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| New Baden, Illinois Fair Market Rent | $928 | $972 | $1,209 | $1,565 | $1,818 |
| New Baden, Illinois Payment Standard Range | $835 to $1,021 | $875 to $1,069 | $1,088 to $1,330 | $1,409 to $1,722 | $1,636 to $2,000 |
Sourced from federal housing data and AffordableHousingOnline.com research.
New Baden, IL Affordable Housing Snapshot
| Total Affordable Apartment Properties | 3 |
|---|---|
| Total Low Income Apartments | 56 |
| Total Housing Units with Rental Assistance | 32 |
| Percentage of Housing Units Occupied By Renters | 19.14% |
| Average Renter Household Size | 2.65 |
| Average Household Size | 2.71 |
| Median Household Income | $64,702 ±$5,819 |
| Median Rent | $953 ±$63 |
| Percentage Of Renters Overburdened | 0% ± 9.21pp |
| Total Population | 3,432 |
Population and Household Demographics
New Baden is a city in Clinton County, Illinois with a population of 3,432. There are 1,249 households in the city with an average household size of 2.71 persons. 19.14% of households in New Baden are renters.
Income and Rent Overburden in New Baden
The median gross income for households in New Baden is $64,702 a year, or $5,392 a month. The median rent for the city is $953 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In New Baden, a household making less than $3,177 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in New Baden.
Area Median Income In New Baden
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For New Baden, the AMI is calculated from all households within Clinton County.
In New Baden, HUD calculates the Area Median Income for a family of four as $101,200
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in New Baden
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in New Baden
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the New Baden AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$21,150 | $24,150 | $27,150 | $30,150 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% AMI Income Limits Renters earning up to 50% of the New Baden AMI may qualify for rental assistance programs that target Very Low Income households. |
$35,200 | $40,200 | $45,250 | $50,250 | $54,300 | $58,300 | $62,350 | $66,350 |
| 80% AMI Income Limits Renters earning up to 80% of the New Baden AMI may qualify for rental assistance programs that target Low Income households. |
$56,250 | $64,300 | $72,350 | $80,350 | $86,800 | $93,250 | $99,650 | $106,100 |
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