About This Property
Iw East is a 16-unit affordable housing community in Iola, Wisconsin that has served low-income residents since 2005. The property contains twelve one-bedroom units and four two-bedroom units. Residents pay rent based on income levels according to HUD guidelines.
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 Iw East is typically 30% of household income or less.
What size apartments are available at Iw East?+
Iw East offers the following unit types: 12 One-Bedroom, 4 Two-Bedroom units, for a total of 16 units.
Who manages Iw East?+
Iw East is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Iw East?+
Iw East 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 is the price range for apartments in Iola, WI?+
Based on Fair Market Rent for Waupaca County, the estimated price range is: 1-bedroom: $745, 2-bedroom: $905. Actual rent at Iw East may be lower for income-eligible households.
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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.