1418 1st Street, Wausau, WI 54403
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $685 - 890 per Month† | 1 - 3 Beds | 1 - 2 Baths | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Welcome to the brand new Atrium Lofts. Many of the apartments have views of the river valley and all will have high ceilings with exposed original steel and wood materials with otherwise new finishes and appliances. The kitchens are open to the living/dining room with island countertops.Each unit also has an incredible amount of light from refurbished industrial style banded windows. The common area features a two story atrium that receives light from two massive skylights running the length of the ceiling. This area provides tenants with a gathering space to socialize, work and enjoy the environment within the building. Additional amenities include outdoor patio, exercise room, outdoor playground, storage units, a computer center, and onsite property management staff. There are 47 parking spaces and the second floor is served by an elevator. Call today for availability or to reserve your spot and start the application process.
Because Atrium Lofts participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 593ft2 | $685† |
| Two Bedroom (2/1.5) | 1050ft2 | $795† |
| Three Bedroom (3/2) | - | $890† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,450 / year | $37,100 / year | $41,750 / year | $46,350 / year | $50,100 / year | $53,800 / year |
| 50% AMI for PBRA Units | $32,450 / year | $37,100 / year | $41,750 / year | $46,350 / year | $50,100 / year | $53,800 / year |
| 60% AMI for LIHTC Units | $38,940 / year | $44,520 / year | $50,100 / year | $55,620 / year | $60,120 / year | $64,560 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Atrium Lofts have a waiting list?
Atrium Lofts probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Atrium Lofts?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Atrium Lofts?
Atrium Lofts is managed by Paramark Real Estate Services headquartered in Rochester, Minnesota .
In addition to Atrium Lofts, how many other affordable housing properties (and units) are there in Wausau?
In addition to Atrium Lofts, we list 18 other affordable properties in Wausau. Learn about these properties here. Our data research shows that there are a total of 854 affordable units in Wausau.
When was the Atrium Lofts listing last updated?
Atrium Lofts listing on Affordable Housing Online was last updated on 01/01/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Rose Carr says:
"Affordable Housing Online is a great resource to finding Section 8 waitlists that are open!"