Franklin School Apartments

1011 S Main Street, Rice Lake, Wisconsin 54868

Just blocks from downtown Rice Lake, Franklin School Apartments consist of one, two and three bedroom units. Featuring an open concept design with high, exposed ceiling beams, on-site laundry, central air, energy star appliances, community room and parking, this historic building is ready for occupancy.

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Franklin School Apartments Details

  • 20 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Covered Parking
  • Picnic Area

Unit Amenities

  • Central Air
  • Dishwasher
  • Extra Storage
  • Open Concept, Fully Equipped Kitchens
  • Washer/ Dryer

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.

Franklin School Apartments is managed by Impact Seven, Inc..

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