Olympian Village II

405 Olympian Blvd, Beloit, Wisconsin 53511

Contact Olympian Village II

Message Olympian Village II

Olympian Village II Details

  • 29 units.
  • Project-Based Rental Assistance
  • Senior (62+)
  • Accessible Units
  • Supportive Housing for the Elderly

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Beloit HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Beloit but actual income limits may differ for units at Olympian Village II.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,350 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
80% $38,300 $43,800 $49,250 $54,700 $59,100 $63,500 $67,850 $72,250

These general income qualifications for Beloit, Wisconsin should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Olympian Village II receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

Olympian Village II is managed by Wisconsin Management Company.

Nearby Low Income Apartment Communities

Parkview Apartments

241 W Grand Ave
Beloit, WI
Subsidized

Woodside Terrace

2237 Burton St
Beloit, WI
HCV Welcome