About This Property
Monroe Street Apartments is a 24-unit residential property in Waterloo, Wisconsin, with 16 two-bedroom and 8 three-bedroom units. The community includes 5 low-income units and was placed in service in 2015, financed through HOME funding and participating in the 9% Low-Income Housing Tax Credit program. The property is managed by the contact information available upon request.
Property Details
Fair Market Rent - Jefferson 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 | $719 |
| 1 Bedroom | $812 |
| 2 Bedroom | $1,061 |
| 3 Bedroom | $1,415 |
| 4 Bedroom | $1,420 |
Income Limits - Jefferson County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,600
- Very Low (50%)
- $27,600
- Low (80%)
- $44,150
- Extremely Low (30%)
- $18,950
- Very Low (50%)
- $31,550
- Low (80%)
- $50,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,500
- Low (80%)
- $56,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,400
- Low (80%)
- $63,050
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,600
- Low (80%)
- $68,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,750
- Low (80%)
- $73,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,900
- Low (80%)
- $78,200
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,050
- Low (80%)
- $83,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,600 | $27,600 | $44,150 |
| 2 Persons | $18,950 | $31,550 | $50,450 |
| 3 Persons | $21,960 | $35,500 | $56,750 |
| 4 Persons | $26,500 | $39,400 | $63,050 |
| 5 Persons | $31,040 | $42,600 | $68,100 |
| 6 Persons | $35,580 | $45,750 | $73,150 |
| 7 Persons | $40,120 | $48,900 | $78,200 |
| 8 Persons | $44,660 | $52,050 | $83,250 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waterloo, WI?+
The Fair Market Rent (FMR) for Jefferson County, WI is: $719 (Studio), $812 (1BR), $1061 (2BR), $1415 (3BR), $1420 (4BR). Actual rent at subsidized properties like Monroe Street Apartments is typically 30% of household income or less.
What size apartments are available at Monroe Street Apartments?+
Monroe Street Apartments offers the following unit types: 16 Two-Bedroom, 8 Three-Bedroom units, for a total of 24 units.
What is the price range for apartments in Waterloo, WI?+
Based on Fair Market Rent for Jefferson County, the estimated price range is: 2-bedroom: $1061, 3-bedroom: $1415. Actual rent at Monroe Street Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Jefferson County, WI?+
For a 4-person household in Jefferson County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,400, Low Income (80% AMI): $63,050. These limits are set by HUD and updated annually.
Who manages Monroe Street Apartments?+
Monroe Street Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Monroe Street Apartments?+
Monroe Street Apartments 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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