About This Property
Lake of the Torches contains 24 low-income residential units in Lac du Flambeau, Wisconsin, within Vilas County. The property, placed in service in 1998, includes 20 three-bedroom units and 4 four-bedroom units and is financed through 9% Low-Income Housing Tax Credits. A non-profit organization owns and operates the community.
Property Details
Fair Market Rent - Vilas 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 | $707 |
| 1 Bedroom | $712 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,094 |
| 4 Bedroom | $1,205 |
Income Limits - Vilas 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 Lac Du Flambeau, WI?+
The Fair Market Rent (FMR) for Vilas County, WI is: $707 (Studio), $712 (1BR), $905 (2BR), $1094 (3BR), $1205 (4BR). Actual rent at subsidized properties like Lake of the Torches is typically 30% of household income or less.
What size apartments are available at Lake of the Torches?+
Lake of the Torches offers the following unit types: 20 Three-Bedroom, 4 Four-Bedroom units, for a total of 24 units.
How do I apply for housing at Lake of the Torches?+
Lake of the Torches 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 Lake of the Torches?+
Lake of the Torches is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Vilas County, WI?+
For a 4-person household in Vilas 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.
What is the price range for apartments in Lac Du Flambeau, WI?+
Based on Fair Market Rent for Vilas County, the estimated price range is: 3-bedroom: $1094. Actual rent at Lake of the Torches may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car