Affordable Housing In Wausau
Marathon County, Wisconsin


Waiting List Openings In Wausau

Waiting ListStatus
Wausau Community Development Authority Housing Choice Voucher Open Now

17 Low Income Apartment Communities In Wausau

Atrium Lofts

1418 1st St
Wausau, WI
$685-890
1-3 BR
HCV Welcome

Alvin O'Konski Manor (Impact Housing)

920 W Campus Drive
Wausau, WI
62+
Accessible
Elderly Supportive Housing
Subsidized

Diamond View

1300 N 9th Ave
Wausau, WI
Subsidized

Kannenberg Plaza

1240 Merrill Avenue
Wausau, WI
Subsidized

Terrace Heights Apartments

1317 Townline Rd
Wausau, WI
Subsidized

Sturgeon Bluff Apartments

1320 Grand Ave
Wausau, WI
Subsidized

Harry and Velma Hamilton Villa

4001 Stewart Avenue
Wausau, WI
62+
Accessible
Elderly Supportive Housing
Subsidized

Wilson Place

728 Jefferson St
Wausau, WI
HCV Welcome

City Walk

120 Grand Ave
Wausau, WI
HCV Welcome

Northwest Territories Apartments

301 Summit Dr
Wausau, WI
HCV Welcome

Housing Authorities that serve Wausau

Housing Authority Programs
Wausau Community Development Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Wausau, Wisconsin

According to federal housing data and AffordableHousingOnline.com research, there are 17 low income housing apartment communities offering 1,002 affordable apartments for rent in Wausau, Wisconsin. Wausau features 616 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 386 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Wausau.

Wausau, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 17
Total Low Income Apartments 1,002
Total Housing Units with Rental Assistance 616
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

Wausau is a City in Marathon 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 Wausau are renters.

Income and Rent Overburden in Wausau

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

Area Median Income In Wausau

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 Wausau, the AMI is calculated from all households within Marathon County.

In Wausau, HUD calculates the Area Median Income for a family of four as $73,200

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 Wausau

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 Wausau HUD Rental Assistance in Wausau

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,400 $17,600 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,650 $29,300 $32,950 $36,600 $39,550 $42,500 $45,400 $48,350
80% of Median $41,000 $46,850 $52,700 $58,550 $63,250 $67,950 $72,650 $77,300
Low Income Housing Tax Credits in Wausau

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

From 1989 to 2010, 11 low income apartment communities containing 392 rental apartments have been constructed and made affordable to low income persons in Wausau 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 Wausau

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,650 $29,300 $32,950 $36,600 $39,550 $42,500 $45,400 $48,350
60% of Median $30,780 $35,160 $39,540 $43,920 $47,460 $51,000 $54,480 $58,020

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 Wausau is $39,540 a year, or $3,295 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,295 by 30% to get a maximum rent of $989 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% $641 $687 $824 $952 $1,063 $1,172
60% $770 $824 $989 $1,142 $1,275 $1,406
Fair Market Rents in Wausau

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
$506 $600 $777 $968 $1,163