About This Property
River Falls Terrace offers 32 apartments in River Falls, Wisconsin, including 26 two-bedroom and 6 three-bedroom units. Four units serve low-income households, and the property has been in service since 2018 with financing through 9% Low-Income Housing Tax Credits. Management and leasing inquiries can be directed to the property contact.
Waitlist Information
Waitlist managed by River Falls Housing Authority
The waiting list is open for families and senior/disabled households. Eligibility requires gross annual income below HUD limits; households with criminal convictions are not eligible. Applicants are placed on the waiting list by date and time of application receipt.
The Section 8 Housing Choice Voucher waiting list is currently closed. During its last opening, applications were accepted from families with children, families or individuals with disabilities, and persons aged 62 or older, with eligibility including income limits and no criminal convictions.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Pierce 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 | $1,174 |
| 1 Bedroom | $1,327 |
| 2 Bedroom | $1,622 |
| 3 Bedroom | $2,188 |
| 4 Bedroom | $2,478 |
Income Limits - Pierce County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,750
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,200
- Very Low (50%)
- $42,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $28,350
- Very Low (50%)
- $47,250
- Low (80%)
- $71,950
- Extremely Low (30%)
- $31,450
- Very Low (50%)
- $52,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,000
- Very Low (50%)
- $56,650
- Low (80%)
- $86,300
- Extremely Low (30%)
- $36,500
- Very Low (50%)
- $60,850
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $65,050
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $69,250
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,050 | $36,750 | $55,950 |
| 2 Persons | $25,200 | $42,000 | $63,950 |
| 3 Persons | $28,350 | $47,250 | $71,950 |
| 4 Persons | $31,450 | $52,450 | $79,900 |
| 5 Persons | $34,000 | $56,650 | $86,300 |
| 6 Persons | $36,500 | $60,850 | $92,700 |
| 7 Persons | $40,120 | $65,050 | $99,100 |
| 8 Persons | $44,660 | $69,250 | $105,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in River Falls, WI?+
The Fair Market Rent (FMR) for Pierce County, WI is: $1174 (Studio), $1327 (1BR), $1622 (2BR), $2188 (3BR), $2478 (4BR). Actual rent at subsidized properties like River Falls Terrace is typically 30% of household income or less.
What size apartments are available at River Falls Terrace?+
River Falls Terrace offers the following unit types: 26 Two-Bedroom, 6 Three-Bedroom units, for a total of 32 units.
What are the income limits for affordable housing in Pierce County, WI?+
For a 4-person household in Pierce County, WI, the income limits are: Extremely Low Income (30% AMI): $31,450, Very Low Income (50% AMI): $52,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who manages River Falls Terrace?+
River Falls Terrace is managed by . You can reach them at . Visit their website for more information.
What is the HUD inspection score for River Falls Terrace?+
River Falls Terrace has a HUD inspection score of 84 out of 100, which is considered good. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
What is the price range for apartments in River Falls, WI?+
Based on Fair Market Rent for Pierce County, the estimated price range is: 2-bedroom: $1622, 3-bedroom: $2188. Actual rent at River Falls Terrace may be lower for income-eligible households.
Is there a waitlist for River Falls Terrace?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at River Falls Terrace?+
River Falls 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.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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