550 N main Street , Fall River, WI 53932
Waiting List Forecast: Likely Short or None
Verified for 2021 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 715 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Enjoy Fall River Meadows, a cozy residential apartment community located right on the water on Lazy Lake in Fall River, WI. Choose a professionally managed one bedroom apartment in a building surrounded by mature, green trees and rolling lawns. Apartment homes include dark wood kitchens with all appliances and patios and balconies so you can enjoy the outdoor space right from your home. Meet your neighbors in community gathering areas, on-site laundry rooms, free extra storage and off-site parking. Pets are welcome with some restrictions. Make your new home with them today!
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Fall River Meadows does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 715ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,300 / year | $39,200 / year | $44,100 / year | $48,950 / year | $52,900 / year | $56,800 / year | $60,700 / year | $64,650 / year |
| 50% AMI for PBRA Units | $34,300 / year | $39,200 / year | $44,100 / year | $48,950 / year | $52,900 / year | $56,800 / year | $60,700 / year | $64,650 / year |
| 60% AMI for LIHTC Units | $41,160 / year | $47,040 / year | $52,920 / year | $58,740 / year | $63,480 / year | $68,160 / year | $72,840 / year | $77,580 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Fall River Meadows have a waiting list?
Fall River Meadows probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Fall River Meadows?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Fall River Meadows?
Fall River Meadows is managed by Wisconsin Management Company headquartered in Madison, WI.
In addition to Fall River Meadows, how many other affordable housing properties (and units) are there in Fall River?
In addition to Fall River Meadows, we list 2 other affordable properties in Fall River. Learn about these properties here. Our data research shows that there are a total of 48 affordable units in Fall River.
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Dawn Cournoyer says:
"Affordable Housing Online is a great resource! The site gives people a great place to search for housing list openings."