About This Property
Smith Corbin Apts is an 18-unit affordable housing community in Benton, Illinois, offering nine one-bedroom and nine two-bedroom units for low-income households. The property has been in service since 1994 and is financed through 4% Low-Income Housing Tax Credits. The community serves Franklin County residents seeking affordable rental housing options.
Property Details
Fair Market Rent - Franklin 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 | $1,018 |
| 4 Bedroom | $1,127 |
Income Limits - Franklin 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Benton, IL?+
The Fair Market Rent (FMR) for Franklin County, IL is: $547 (Studio), $614 (1BR), $807 (2BR), $1018 (3BR), $1127 (4BR). Actual rent at subsidized properties like Smith Corbin Apts is typically 30% of household income or less.
What size apartments are available at Smith Corbin Apts?+
Smith Corbin Apts offers the following unit types: 9 One-Bedroom, 9 Two-Bedroom units, for a total of 18 units.
What are the income limits for affordable housing in Franklin County, IL?+
For a 4-person household in Franklin 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.
What is the price range for apartments in Benton, IL?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $614, 2-bedroom: $807. Actual rent at Smith Corbin Apts may be lower for income-eligible households.
How do I apply for housing at Smith Corbin Apts?+
Smith Corbin 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.
Who manages Smith Corbin Apts?+
Smith Corbin Apts is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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