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Affordable Housing In Stanley
Chippewa County, Wisconsin

5 Low Income Apartment Communities In Stanley

Brookwood Glen Apartments

108 W 9th Ave
Stanley, Wisconsin
Subsidized

Sunset Homes

124 W 4th Ave
Stanley, Wisconsin

Stanley Housing

450 Grant St
Stanley, Wisconsin

Moon Park Senior Apartments

111 W 8th Ave
Stanley, Wisconsin
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Housing Authorities that serve Stanley

Housing Authority Programs
Stanley Housing Authority Public Housing
Chippewa County Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Stanley, Wisconsin

There are 5 low income housing apartment communities offering 122 affordable apartments for rent in Stanley, Wisconsin.

Income Based Apartments in Stanley, Wisconsin

Stanley features 66 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Stanley, Wisconsin

There are 56 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Stanley.

Housing Choice Vouchers in Stanley, Wisconsin

On average, Section 8 Housing Choice vouchers pay Stanley landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Stanley.

The maximum amount a voucher would pay on behalf of a low-income tenant in Stanley, Wisconsin for a two-bedroom apartment is between $710 and $868.

2020 Stanley, Wisconsin Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $514 $599 $789 $1,068 $1,225
Payment Standard Range $463 to $565 $539 to $659 $710 to $868 $961 to $1,175 $1,103 to $1,348

Sourced from federal housing data and AffordableHousingOnline.com research.

Stanley, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 122
Total Housing Units with Rental Assistance 66
Percentage of Housing Units Occupied By Renters 44.64%
Average Renter Household Size 1.76
Average Household Size 2.35
Median Household Income $32,201 ±$3,736
Median Rent $541 ±$53
Percentage Of Renters Overburdened 36.88% ± 13.04pp
Total Population 3,608

Population and Household Demographics

Stanley is a city in Chippewa County, Wisconsin with a population of 3,608. There are 905 households in the city with an average household size of 2.35 persons. 44.64% of households in Stanley are renters.

Income and Rent Overburden in Stanley

The median gross income for households in Stanley is $32,201 a year, or $2,683 a month. The median rent for the city is $541 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Stanley, a household making less than $1,803 a month would be considered overburdened when renting an apartment at or above the median rent. 36.88% of households who rent are overburdened in Stanley.

Area Median Income In Stanley

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 Stanley, the AMI is calculated from all households within Chippewa County.

In Stanley, HUD calculates the Area Median Income for a family of four as $76,700

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 Stanley

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 HUD Rental Assistance in Stanley

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,100 $18,400 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $26,850 $30,700 $34,550 $38,350 $41,450 $44,500 $47,600 $50,650
80% of Median $42,950 $49,100 $55,250 $61,350 $66,300 $71,200 $76,100 $81,000