About This Property
Birchwood Terrace contains 12 low-income rental units in Mercer, Wisconsin, with eight 2-bedroom and four 3-bedroom apartments. The property was placed in service in 1995 and utilizes 4% Low-Income Housing Tax Credits (LIHTC) to support affordability. The development provides housing options for households meeting income eligibility requirements.
Property Details
Fair Market Rent - Iron 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 | $635 |
| 1 Bedroom | $703 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,094 |
| 4 Bedroom | $1,284 |
Income Limits - Iron 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mercer, WI?+
The Fair Market Rent (FMR) for Iron County, WI is: $635 (Studio), $703 (1BR), $905 (2BR), $1094 (3BR), $1284 (4BR). Actual rent at subsidized properties like Birchwood Terrace is typically 30% of household income or less.
What size apartments are available at Birchwood Terrace?+
Birchwood Terrace offers the following unit types: 8 Two-Bedroom, 4 Three-Bedroom units, for a total of 12 units.
Who manages Birchwood Terrace?+
Birchwood Terrace is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Birchwood Terrace?+
Birchwood Terrace 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 is the price range for apartments in Mercer, WI?+
Based on Fair Market Rent for Iron County, the estimated price range is: 2-bedroom: $905, 3-bedroom: $1094. Actual rent at Birchwood Terrace may be lower for income-eligible households.
What are the income limits for affordable housing in Iron County, WI?+
For a 4-person household in Iron 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.