About This Property
Iola Senior Village comprises 18 two-bedroom units in Iola, Wisconsin, with 3 units designated as low-income housing. The property has been in service since 2008 and receives funding through the HOME program and 9% Low-Income Housing Tax Credits. This senior housing community serves residents in Waupaca County.
Property Details
Fair Market Rent - Waupaca 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 | $635 |
| 1 Bedroom | $745 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,258 |
| 4 Bedroom | $1,262 |
Income Limits - Waupaca County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,650
- Very Low (50%)
- $26,050
- Low (80%)
- $41,650
- Extremely Low (30%)
- $17,850
- Very Low (50%)
- $29,750
- Low (80%)
- $47,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,450
- Low (80%)
- $53,550
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,150
- Low (80%)
- $59,450
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,150
- Low (80%)
- $64,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,100
- Low (80%)
- $69,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,100
- Low (80%)
- $73,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,050
- Low (80%)
- $78,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,650 | $26,050 | $41,650 |
| 2 Persons | $17,850 | $29,750 | $47,600 |
| 3 Persons | $21,960 | $33,450 | $53,550 |
| 4 Persons | $26,500 | $37,150 | $59,450 |
| 5 Persons | $31,040 | $40,150 | $64,250 |
| 6 Persons | $35,580 | $43,100 | $69,000 |
| 7 Persons | $40,120 | $46,100 | $73,750 |
| 8 Persons | $44,660 | $49,050 | $78,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Iola, WI?+
The Fair Market Rent (FMR) for Waupaca County, WI is: $635 (Studio), $745 (1BR), $905 (2BR), $1258 (3BR), $1262 (4BR). Actual rent at subsidized properties like Iola Senior Village is typically 30% of household income or less.
What size apartments are available at Iola Senior Village?+
Iola Senior Village offers the following unit types: 18 Two-Bedroom units, for a total of 18 units.
What is the price range for apartments in Iola, WI?+
Based on Fair Market Rent for Waupaca County, the estimated price range is: 2-bedroom: $905. Actual rent at Iola Senior Village may be lower for income-eligible households.
How do I apply for housing at Iola Senior Village?+
Iola Senior Village 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.
What are the income limits for affordable housing in Waupaca County, WI?+
For a 4-person household in Waupaca County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,150, Low Income (80% AMI): $59,450. These limits are set by HUD and updated annually.
Who manages Iola Senior Village?+
Iola Senior Village is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.