Affordable Housing Hub
Low Income (LIHTC)Waitlist Open

River Falls Terrace

405 S Wasson Ln, River Falls, WI, 54022

Information verified April 18, 2026·We re-check waiting list status daily

Default photo for River Falls Terrace
Example Photo
Share

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

Public Housing Waitlist
Open
Apply: Multiple

Eligibility for Public Housing is for senior citizens, persons with disabilities, and families with gross annual income below HUD established limits; a background check is completed for all adult household members. The length of the waiting list varies building-by-building.

Last verified April 15, 2026
Section 8 (HCV) Waitlist
Closed

The River Falls Housing Authority is no longer in charge of the Housing Choice Voucher program; for details, visit WestCap's website at westcap.org.

Last verified March 16, 2026

Waitlist data provided by section8waitlist.org

Updated April 17, 2026

Property Details

Total Units
32
2 Bedroom
26
3 Bedroom
6

HUD Inspection Score

84
Good
Inspected July 2019

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.

BedroomsFMR
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.

1 Person
Extremely Low (30%)
$22,050
Very Low (50%)
$36,750
Low (80%)
$55,950
2 Persons
Extremely Low (30%)
$25,200
Very Low (50%)
$42,000
Low (80%)
$63,950
3 Persons
Extremely Low (30%)
$28,350
Very Low (50%)
$47,250
Low (80%)
$71,950
4 Persons
Extremely Low (30%)
$31,450
Very Low (50%)
$52,450
Low (80%)
$79,900
5 Persons
Extremely Low (30%)
$34,000
Very Low (50%)
$56,650
Low (80%)
$86,300
6 Persons
Extremely Low (30%)
$36,500
Very Low (50%)
$60,850
Low (80%)
$92,700
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$65,050
Low (80%)
$99,100
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$69,250
Low (80%)
$105,500

Tax Credit Program Details

Year Placed in Service
2018
LIHTC Credit Type
9%
Low-Income Units
4 / 32
Designations
Qualified Census Tract

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.

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.

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 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.

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 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.

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.

Begin Application Now

Contact Information

Walk Score

Almost All Errands Require a Car

23
Walk
38
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Pierce County, WI

View on Google Maps