About This Property
Chestnut Ridge Apts Phase II comprises 32 three-bedroom units designated as low-income housing in Delavan, Wisconsin. The property has been in service since 1996 and utilizes 9% Low-Income Housing Tax Credits to support its affordability. All units serve households meeting low-income eligibility requirements.
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 |
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 Ii is typically 30% of household income or less.
What size apartments are available at Chestnut Ridge Apts Phase Ii?+
Chestnut Ridge Apts Phase Ii offers the following unit types: 32 Three-Bedroom units, for a total of 32 units.
What is the price range for apartments in Delavan, WI?+
Based on Fair Market Rent for Walworth County, the estimated price range is: 3-bedroom: $1423. Actual rent at Chestnut Ridge Apts Phase Ii may be lower for income-eligible households.
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.
Who manages Chestnut Ridge Apts Phase Ii?+
Chestnut Ridge Apts Phase Ii is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Chestnut Ridge Apts Phase Ii?+
Chestnut Ridge Apts Phase Ii 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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