About This Property
Housing Horizon Chapel Valley 2 provides 56 affordable rental units in Fitchburg, Wisconsin, with 34 designated as low-income housing. The property features 37 one-bedroom and 19 two-bedroom apartments and has been in service since 1999. This development utilizes 9% Low-Income Housing Tax Credits and is managed by on-site staff.
Property Details
Fair Market Rent - Dane 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 | $1,004 |
| 1 Bedroom | $1,182 |
| 2 Bedroom | $1,372 |
| 3 Bedroom | $1,808 |
| 4 Bedroom | $1,986 |
Income Limits - Dane County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $21,700
- Very Low (50%)
- $36,100
- Low (80%)
- $55,950
- Extremely Low (30%)
- $24,800
- Very Low (50%)
- $41,250
- Low (80%)
- $63,950
- Extremely Low (30%)
- $27,900
- Very Low (50%)
- $46,400
- Low (80%)
- $71,950
- Extremely Low (30%)
- $30,950
- Very Low (50%)
- $51,550
- Low (80%)
- $79,900
- Extremely Low (30%)
- $33,450
- Very Low (50%)
- $55,700
- Low (80%)
- $86,300
- Extremely Low (30%)
- $35,950
- Very Low (50%)
- $59,800
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $63,950
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $68,050
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $21,700 | $36,100 | $55,950 |
| 2 Persons | $24,800 | $41,250 | $63,950 |
| 3 Persons | $27,900 | $46,400 | $71,950 |
| 4 Persons | $30,950 | $51,550 | $79,900 |
| 5 Persons | $33,450 | $55,700 | $86,300 |
| 6 Persons | $35,950 | $59,800 | $92,700 |
| 7 Persons | $40,120 | $63,950 | $99,100 |
| 8 Persons | $44,660 | $68,050 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fitchburg, WI?+
The Fair Market Rent (FMR) for Dane County, WI is: $1004 (Studio), $1182 (1BR), $1372 (2BR), $1808 (3BR), $1986 (4BR). Actual rent at subsidized properties like Housing Horizon Chapel Valley 2 is typically 30% of household income or less.
What size apartments are available at Housing Horizon Chapel Valley 2?+
Housing Horizon Chapel Valley 2 offers the following unit types: 37 One-Bedroom, 19 Two-Bedroom units, for a total of 56 units.
What is the price range for apartments in Fitchburg, WI?+
Based on Fair Market Rent for Dane County, the estimated price range is: 1-bedroom: $1182, 2-bedroom: $1372. Actual rent at Housing Horizon Chapel Valley 2 may be lower for income-eligible households.
How do I apply for housing at Housing Horizon Chapel Valley 2?+
Housing Horizon Chapel Valley 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 Dane County, WI?+
For a 4-person household in Dane County, WI, the income limits are: Extremely Low Income (30% AMI): $30,950, Very Low Income (50% AMI): $51,550, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who manages Housing Horizon Chapel Valley 2?+
Housing Horizon Chapel Valley 2 is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Housing Horizon Chapel Valley 2
Avalon Madison Village
Madison, WI
104 UnitsKing James Court Apts
Fitchburg, WI
48 UnitsFitchburg Springs Apt Homes
Fitchburg, WI
104 UnitsAllied Dr Redevelopment
Madison, WI
49 UnitsNakoma Heights Apts
Fitchburg, WI
144 Units
Bjarnes Romnes Apartments
Fitchburg, WI
8 Units