About This Property
Highlands of Geneva Crossing offers 48 units of affordable housing in Lake Geneva, Wisconsin, with a mix of 12 one-bedroom and 36 two-bedroom apartments. Ten units serve low-income residents, and the property primarily serves elderly households. The community has operated since 2003 and is funded through tax-exempt bonds and 4% Low-Income Housing Tax Credit financing.
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 Lake Geneva, 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 Highlands of Geneva Crossing is typically 30% of household income or less.
What size apartments are available at Highlands of Geneva Crossing?+
Highlands of Geneva Crossing offers the following unit types: 12 One-Bedroom, 36 Two-Bedroom units, for a total of 48 units.
Who is eligible to live at Highlands of Geneva Crossing?+
Highlands of Geneva Crossing primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
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 Lake Geneva, WI?+
Based on Fair Market Rent for Walworth County, the estimated price range is: 1-bedroom: $843, 2-bedroom: $1108. Actual rent at Highlands of Geneva Crossing may be lower for income-eligible households.
Who manages Highlands of Geneva Crossing?+
Highlands of Geneva Crossing is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Highlands of Geneva Crossing?+
Highlands of Geneva Crossing 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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