Affordable Housing In Janesville
Rock County, Wisconsin

20 Low Income Apartment Communities In Janesville

First Senior I & II Apartments

1801 E Milwaukee St
Janesville, WI
55+
HCV Welcome

Garden Court Grant Village

208 N Main St
Janesville, WI
Subsidized

Burbank Plaza

1112 W Burbank Ave
Janesville, WI
62+
Accessible
Elderly Supportive Housing
Subsidized

Green Forest Run II

1639 Green Forest Run
Janesville, WI
62+
Accessible
Elderly Supportive Housing
Subsidized

Hamilton Terrace

1326 Hamilton Ave
Janesville, WI
Subsidized

Lexington Court Townhomes

2633 N Lexington Dr
Janesville, WI
Subsidized

Wesley Park Apartments

2001 Wesley Ave
Janesville, WI
HCV Welcome

Riverview Heights

930 N Washington St
Janesville, WI
Subsidized

Janesville Garden Court

208 N Main St
Janesville, WI
HCV Welcome

Jeffris Flats

318 Dodge St
Janesville, WI
HCV Welcome

Housing Authorities that serve Janesville

Housing Authority Programs
Janesville Neighborhood and Community Services Section 8 Housing Choice Voucher (HCV); Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Janesville, Wisconsin

According to federal housing data and AffordableHousingOnline.com research, there are 20 low income housing apartment communities offering 1,054 affordable apartments for rent in Janesville, Wisconsin. Janesville features 435 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 619 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Janesville.

Janesville, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 20
Total Low Income Apartments 1,054
Total Housing Units with Rental Assistance 435
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0
Total Population 0

Population and Household Demographics

Janesville is a City in Rock County, Wisconsin with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Janesville are renters.

Income and Rent Overburden in Janesville

The median gross income for households in Janesville is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Janesville

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 Janesville, the AMI is calculated from all households within Rock County.

In Janesville, HUD calculates the Area Median Income for a family of four as $65,600

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 Janesville

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 Janesville HUD Rental Assistance in Janesville

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

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1989 to 2006, 12 low income apartment communities containing 404 rental apartments have been constructed and made affordable to low income persons in Janesville by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Janesville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $23,950 $27,400 $30,800 $34,200 $36,950 $39,700 $42,450 $45,150
60% of Median $28,740 $32,880 $36,960 $41,040 $44,340 $47,640 $50,940 $54,180

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Janesville is $36,960 a year, or $3,080 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,080 by 30% to get a maximum rent of $924 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $599 $642 $770 $889 $993 $1,095
60% $719 $770 $924 $1,067 $1,191 $1,314
Fair Market Rents in Janesville

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$630 $634 $831 $1,097 $1,126