About This Property
Residences on Main is a 24-unit affordable housing community in Twin Lakes, Wisconsin that serves low-income households. The property includes twelve 1-bedroom units and twelve 2-bedroom units, with twelve units designated for low-income residents. The community was placed in service in 2013 and operates under the 9% Low-Income Housing Tax Credit program.
Property Details
Fair Market Rent - Kenosha 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 | $996 |
| 1 Bedroom | $1,071 |
| 2 Bedroom | $1,401 |
| 3 Bedroom | $1,844 |
| 4 Bedroom | $2,081 |
Income Limits - Kenosha County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,150
- Very Low (50%)
- $28,550
- Low (80%)
- $45,650
- Extremely Low (30%)
- $19,600
- Very Low (50%)
- $32,600
- Low (80%)
- $52,200
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,700
- Low (80%)
- $58,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,750
- Low (80%)
- $65,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,050
- Low (80%)
- $70,450
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,300
- Low (80%)
- $75,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,550
- Low (80%)
- $80,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,800
- Low (80%)
- $86,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,150 | $28,550 | $45,650 |
| 2 Persons | $19,600 | $32,600 | $52,200 |
| 3 Persons | $22,050 | $36,700 | $58,700 |
| 4 Persons | $26,500 | $40,750 | $65,200 |
| 5 Persons | $31,040 | $44,050 | $70,450 |
| 6 Persons | $35,580 | $47,300 | $75,650 |
| 7 Persons | $40,120 | $50,550 | $80,850 |
| 8 Persons | $44,660 | $53,800 | $86,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Twin Lakes, WI?+
The Fair Market Rent (FMR) for Kenosha County, WI is: $996 (Studio), $1071 (1BR), $1401 (2BR), $1844 (3BR), $2081 (4BR). Actual rent at subsidized properties like Residences on Main is typically 30% of household income or less.
What size apartments are available at Residences on Main?+
Residences on Main offers the following unit types: 12 One-Bedroom, 12 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Residences on Main?+
Residences on Main 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 Residences on Main?+
Residences on Main is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Twin Lakes, WI?+
Based on Fair Market Rent for Kenosha County, the estimated price range is: 1-bedroom: $1071, 2-bedroom: $1401. Actual rent at Residences on Main may be lower for income-eligible households.
What are the income limits for affordable housing in Kenosha County, WI?+
For a 4-person household in Kenosha County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,750, Low Income (80% AMI): $65,200. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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