About This Property
Red Cliff Housing Development Phase 2 offers 24 units in Bayfield, Wisconsin, with 12 designated as low-income housing. The development includes 12 two-bedroom and 12 three-bedroom units and has been in service since 2010. This property is financed through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Bayfield County, WI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $733 |
| 1 Bedroom | $738 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,201 |
| 4 Bedroom | $1,205 |
Income Limits - Bayfield County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,100
- Very Low (50%)
- $25,150
- Low (80%)
- $40,250
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,750
- Low (80%)
- $46,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,350
- Low (80%)
- $51,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,900
- Low (80%)
- $57,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,800
- Low (80%)
- $62,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,650
- Low (80%)
- $66,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,550
- Low (80%)
- $71,250
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,400
- Low (80%)
- $75,850
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,100 | $25,150 | $40,250 |
| 2 Persons | $17,420 | $28,750 | $46,000 |
| 3 Persons | $21,960 | $32,350 | $51,750 |
| 4 Persons | $26,500 | $35,900 | $57,450 |
| 5 Persons | $31,040 | $38,800 | $62,050 |
| 6 Persons | $35,580 | $41,650 | $66,650 |
| 7 Persons | $40,120 | $44,550 | $71,250 |
| 8 Persons | $44,660 | $47,400 | $75,850 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bayfield, WI?+
The Fair Market Rent (FMR) for Bayfield County, WI is: $733 (Studio), $738 (1BR), $905 (2BR), $1201 (3BR), $1205 (4BR). Actual rent at subsidized properties like Red Cliff Housing Development Phase 2 is typically 30% of household income or less.
What size apartments are available at Red Cliff Housing Development Phase 2?+
Red Cliff Housing Development Phase 2 offers the following unit types: 12 Two-Bedroom, 12 Three-Bedroom units, for a total of 24 units.
What is the price range for apartments in Bayfield, WI?+
Based on Fair Market Rent for Bayfield County, the estimated price range is: 2-bedroom: $905, 3-bedroom: $1201. Actual rent at Red Cliff Housing Development Phase 2 may be lower for income-eligible households.
How do I apply for housing at Red Cliff Housing Development Phase 2?+
Red Cliff Housing Development Phase 2 is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Bayfield County, WI?+
For a 4-person household in Bayfield County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,900, Low Income (80% AMI): $57,450. These limits are set by HUD and updated annually.
Who manages Red Cliff Housing Development Phase 2?+
Red Cliff Housing Development Phase 2 is managed by . You can reach them at . Visit their website for more information.
Contact Information
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