About This Property
Chestnut Ridge Apts Phase I consists of 32 low-income residential units in Delavan, Wisconsin, featuring one 1-bedroom and thirty-one 3-bedroom apartments. The property was placed in service in 1995 and utilizes 9% Low Income Housing Tax Credits to support its affordability. This Walworth County development is actively managed and available for qualified low-income residents.
Property Details
Fair Market Rent - Walworth 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 | $751 |
| 1 Bedroom | $843 |
| 2 Bedroom | $1,108 |
| 3 Bedroom | $1,423 |
| 4 Bedroom | $1,787 |
Income Limits - Walworth County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,550
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,500
- Low (80%)
- $50,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,450
- Low (80%)
- $56,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,350
- Low (80%)
- $62,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,500
- Low (80%)
- $68,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,650
- Low (80%)
- $73,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,800
- Low (80%)
- $78,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,950
- Low (80%)
- $83,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,550 | $27,550 | $44,100 |
| 2 Persons | $18,900 | $31,500 | $50,400 |
| 3 Persons | $21,960 | $35,450 | $56,700 |
| 4 Persons | $26,500 | $39,350 | $62,950 |
| 5 Persons | $31,040 | $42,500 | $68,000 |
| 6 Persons | $35,580 | $45,650 | $73,050 |
| 7 Persons | $40,120 | $48,800 | $78,100 |
| 8 Persons | $44,660 | $51,950 | $83,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Delavan, WI?+
The Fair Market Rent (FMR) for Walworth County, WI is: $751 (Studio), $843 (1BR), $1108 (2BR), $1423 (3BR), $1787 (4BR). Actual rent at subsidized properties like Chestnut Ridge Apts Phase I is typically 30% of household income or less.
What size apartments are available at Chestnut Ridge Apts Phase I?+
Chestnut Ridge Apts Phase I offers the following unit types: 1 One-Bedroom, 31 Three-Bedroom units, for a total of 32 units.
Who manages Chestnut Ridge Apts Phase I?+
Chestnut Ridge Apts Phase I is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Walworth County, WI?+
For a 4-person household in Walworth County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,350, Low Income (80% AMI): $62,950. These limits are set by HUD and updated annually.
What is the price range for apartments in Delavan, WI?+
Based on Fair Market Rent for Walworth County, the estimated price range is: 1-bedroom: $843, 3-bedroom: $1423. Actual rent at Chestnut Ridge Apts Phase I may be lower for income-eligible households.
How do I apply for housing at Chestnut Ridge Apts Phase I?+
Chestnut Ridge Apts Phase I 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
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