Affordable Housing In Janesville
Rock County, Wisconsin

20 Low Income Apartment Communities In Janesville

Crown Ridge Apartments Homes

1717 Green Forest Run
Janesville, WI
HCV Welcome

Hearthside

2203 Hancock Ln
Janesville, WI
HCV Welcome

Hamilton Terrace Apartments

1200 Hamilton Ave
Janesville, WI
HCV Welcome

River Terrace Apartments

120 N River St
Janesville, WI
HCV Welcome

Riverplace Apartments

102 N River St
Janesville, WI
HCV Welcome

Wall Street

2700 W Wall St
Janesville, WI
HCV Welcome

J - Salvation Army Transitional Housing

2817 Holiday Dr
Janesville, WI
HCV Welcome

Janesville Regency House

100 N Franklin St
Janesville, WI
HCV Welcome

Kellogg Avenue Apartments

200 Kellogg Ave
Janesville, WI
HCV Welcome

Janesville School Apartments

408 S Main St
Janesville, WI
HCV Welcome

There are 20 low income housing apartment complexes which contain 1,054 affordable apartments for rent in Janesville. Many of these rental apartments are income based housing with 435 apartments that set rent based on your income. In Janesville, HUD housing programs support 366 rental assistance apartments through programs like Project-based Section 8. There are 619 other low income apartments that don't have rental assistance but are cheaper than market rate rents.

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

Janesville, WI Affordable Housing Snapshot

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

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$608 $612 $793 $1,048 $1,072