Illinois Congressional District Data Profile IL-09
Key Facts
-
29,011 OR 25%
Renter households that are extremely low-income
-
-20,271
Shortage of rental homes affordable and available for extremely low-income renters
-
$41,634
30% of area median income
-
$84,866
Annual household income needed to afford a two-bedroom rental home at HUD's Fair Market Rent.
-
$2,122
is the average Fair Market Rent (FMR) for a two bedroom rental home in this district. It is $1,879 for a one bedroom rental home.
-
$1,041
is the monthly rent a household at 30% of the area median income (AMI) can afford in this district. A household at 50% AMI can afford a monthly rent of $1,735.
-
$7,072
is what a household in this district must earn monthly to afford the average two-bedroom FMR — without paying more than 30% of their income on housing. This translates to an annual income of $84,866. A household must earn $6,263 monthly or $75,161 annually to afford a one-bedroom home at FMR.
-
$40.80
is the two-bedroom Housing Wage in this district. It is the hourly wage a worker must earn - assuming a 40-hour work week for 52 weeks per year – to afford a twobedroom rental home. The one-bedroom Housing Wage is $36.14.
Solutions
- Provide significant resources to build and preserve homes affordable to renters with the lowest incomes through investments in public housing and the national Housing Trust Fund
- Encourage states and local communities to reform zoning and land use regulations that prevent housing from being built and push up housing costs
- Bridge the gap between incomes and housing costs by expanding rental assistance so that it is universally available to all eligible households or consider other innovative approaches, such as a fully refundable renters’ tax credit
- Prevent evictions and homelessness by creating permanent tools, such as emergency rental assistance, to help stabilize families in crisis
- Other federal housing resources, including the Low-Income Housing Tax Credit, should be reformed to better address the underlying market failure that results in the rental housing shortage for these households.