Federal Building Lofts

317 N 1st St, Wausau, Wisconsin 54403

Contact Federal Building Lofts

This historic government building was recently converted into 21 apartments. The building consists of one, two, and three bedroom loft style apartments with additional storage if needed. The building is located in the heart of downtown Wausau. Parking for the building is included in rent and is located in an adjacent parking ramp. This is the ideal property for any aspiring artist as it offers additional common space to display and/or create works. Come see these apartments that have modern conveniences but still offer character details that can only be found in historically rehabilitated buildings.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	703	Call for Price
2 Bedroom (2/2)	1009	Call for Price
3 Bedroom (3/2)	1215	Call for Price

Eligibility for Federal Building Lofts

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Wausau but actual income limits may differ for units at Federal Building Lofts.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$32,450	$37,100	$41,750	$46,350	$50,100	$53,800
Low Income (60%)	$38,940	$44,520	$50,100	$55,620	$60,120	$64,560

Federal Building Lofts Details

21 one, two and three bedroom units.
$35.00 application fee
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program

Property Amenities

Controlled Access
Fitness Center

Unit Amenities

Air Conditioning
Dishwasher
Microwave
Sewer Included
Trash Included
Washer and Dryer Included

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.