About This Property
Spring Isle II comprises 83 apartments in Beaver Dam, Wisconsin, with 33 units designated as low-income housing. The property includes 70 two-bedroom and 14 three-bedroom units and has been in service since 1990. The development is funded through tax-exempt bonds and utilizes 4% low-income housing tax credits.
Property Details
Fair Market Rent - Dodge 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 | $658 |
| 1 Bedroom | $768 |
| 2 Bedroom | $971 |
| 3 Bedroom | $1,313 |
| 4 Bedroom | $1,411 |
Income Limits - Dodge County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,350
- Very Low (50%)
- $27,300
- Low (80%)
- $43,650
- Extremely Low (30%)
- $18,700
- Very Low (50%)
- $31,200
- Low (80%)
- $49,850
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,100
- Low (80%)
- $56,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $38,950
- Low (80%)
- $62,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,100
- Low (80%)
- $67,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,200
- Low (80%)
- $72,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,300
- Low (80%)
- $77,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,450
- Low (80%)
- $82,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,350 | $27,300 | $43,650 |
| 2 Persons | $18,700 | $31,200 | $49,850 |
| 3 Persons | $21,960 | $35,100 | $56,100 |
| 4 Persons | $26,500 | $38,950 | $62,300 |
| 5 Persons | $31,040 | $42,100 | $67,300 |
| 6 Persons | $35,580 | $45,200 | $72,300 |
| 7 Persons | $40,120 | $48,300 | $77,300 |
| 8 Persons | $44,660 | $51,450 | $82,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Beaver Dam, WI?+
The Fair Market Rent (FMR) for Dodge County, WI is: $658 (Studio), $768 (1BR), $971 (2BR), $1313 (3BR), $1411 (4BR). Actual rent at subsidized properties like Spring Isle Ii is typically 30% of household income or less.
What size apartments are available at Spring Isle Ii?+
Spring Isle Ii offers the following unit types: 70 Two-Bedroom, 14 Three-Bedroom units, for a total of 83 units.
How do I apply for housing at Spring Isle Ii?+
Spring Isle Ii 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.
Who manages Spring Isle Ii?+
Spring Isle Ii is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Beaver Dam, WI?+
Based on Fair Market Rent for Dodge County, the estimated price range is: 2-bedroom: $971, 3-bedroom: $1313. Actual rent at Spring Isle Ii may be lower for income-eligible households.
What are the income limits for affordable housing in Dodge County, WI?+
For a 4-person household in Dodge County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $38,950, Low Income (80% AMI): $62,300. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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