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The Villas at Paperjack Creek

938 Monette Ave, New Richmond, Wisconsin 54017

The Villas at Paperjack Creek offer 1, 2, and 3 bedroom apartments.  A private entry, garage, and a nice back deck enhance the ease and comfortable feeling of townhome living. This scenic property is located on the end of a cul de sac with quiet open spaces as your back yard. Nestled on the beautiful Paperjack Creek, the Villas have the creek and all nature has to offer just steps away from your back door. Some pets are welcome, but restrictions do apply.

Contact The Villas at Paperjack Creek

Message The Villas at Paperjack Creek

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - From $410 To $735
2 Bedroom (2/1) - From $660 To $805
3 Bedroom (3/1) - From $875 To $935

The Villas at Paperjack Creek Details

  • 44 0, 0 and 0 bedroom units.
  • Water and Sewer utilities included in rent
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Playground
  • Community Room
  • Garage
  • Off-Street Parking
  • Laundry Facilities
  • Pet Friendly
  • Wheel Chair Accessible

Unit Amenities

  • Dishwasher
  • Garbage Disposal
  • Cable Ready
  • Patio, Deck Or Balcony
  • Sewer Included
  • Water Included
  • Washer/ Dryer

Nearby Amenities

  • Close to Public Transportation

Office Hours

Day Hours
Monday 12:00pm-5:00pm
Tuesday 10:00am-3:00pm
Wednesday 10:00am-3:00pm
Thursday 12:00pm-5:00pm

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

New Richmond Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in New Richmond but actual income limits may differ for units at The Villas at Paperjack Creek.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $36,200 $41,400 $46,550 $51,700 $55,850 $60,000 $64,150 $68,250
Low Income (60%) $43,440 $49,680 $55,860 $62,040 $67,020 $72,000 $76,980 $81,900

The Villas at Paperjack Creek is managed by Paramark Real Estate Services.

Image of The Villas at Paperjack Creek

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