About This Property
Oconomowoc School Apartments comprises 55 units in Oconomowoc, Wisconsin, with 50 units designated as low-income housing. The property offers a mix of one-, two-, and three-bedroom floor plans, containing 9 one-bedroom, 28 two-bedroom, and 18 three-bedroom units. The development was placed in service in 2013 and utilizes 9% Low-Income Housing Tax Credits funding.
Property Details
Fair Market Rent - Waukesha 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 | $845 |
| 1 Bedroom | $979 |
| 2 Bedroom | $1,170 |
| 3 Bedroom | $1,460 |
| 4 Bedroom | $1,592 |
Income Limits - Waukesha County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $20,250
- Very Low (50%)
- $33,800
- Low (80%)
- $54,000
- Extremely Low (30%)
- $22,800
- Very Low (50%)
- $38,000
- Low (80%)
- $60,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,200
- Low (80%)
- $67,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,600
- Low (80%)
- $72,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,000
- Low (80%)
- $78,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,350
- Low (80%)
- $83,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,750
- Low (80%)
- $89,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,750 | $29,550 | $47,250 |
| 2 Persons | $20,250 | $33,800 | $54,000 |
| 3 Persons | $22,800 | $38,000 | $60,750 |
| 4 Persons | $26,500 | $42,200 | $67,500 |
| 5 Persons | $31,040 | $45,600 | $72,900 |
| 6 Persons | $35,580 | $49,000 | $78,300 |
| 7 Persons | $40,120 | $52,350 | $83,700 |
| 8 Persons | $44,660 | $55,750 | $89,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Oconomowoc, WI?+
The Fair Market Rent (FMR) for Waukesha County, WI is: $845 (Studio), $979 (1BR), $1170 (2BR), $1460 (3BR), $1592 (4BR). Actual rent at subsidized properties like Oconomowoc School Apartments is typically 30% of household income or less.
What size apartments are available at Oconomowoc School Apartments?+
Oconomowoc School Apartments offers the following unit types: 9 One-Bedroom, 28 Two-Bedroom, 18 Three-Bedroom units, for a total of 55 units.
What is the price range for apartments in Oconomowoc, WI?+
Based on Fair Market Rent for Waukesha County, the estimated price range is: 1-bedroom: $979, 2-bedroom: $1170, 3-bedroom: $1460. Actual rent at Oconomowoc School Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Waukesha County, WI?+
For a 4-person household in Waukesha County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,200, Low Income (80% AMI): $67,500. These limits are set by HUD and updated annually.
Who manages Oconomowoc School Apartments?+
Oconomowoc School Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Oconomowoc School Apartments?+
Oconomowoc School Apartments 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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