Beloit Apartments Redevelopment-phase 2
1821 Bayliss Ave, Beloit, WI 53511
40 1BR, 10 2BR, 15 3BR, 1 4BR
- Apartments
- 66
- Income-restricted
- 15
- Placed in service
- 2011
Wisconsin
Tax credit apartments in Beloit, WI
HUD's database lists 9 properties in Beloit built or rehabbed with low-income housing tax credits: 702 apartments, 270 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.
Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.
LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.
Beloit Apartments Redevelopment-phase I
1012 Mary St, Beloit, WI 53511
32 2BR, 23 3BR, 10 4BR
- Apartments
- 65
- Income-restricted
- 9
- Placed in service
- 2010
Beloit Water Tower Place
1120 Prince Hall Dr, Beloit, WI 53511
36 1BR, 38 2BR
- Apartments
- 77
- Income-restricted
- 63
- Placed in service
- 1995
Fairbanks Flats Rowhomes
206 Carpenter St -, Beloit, WI 53511
7 2BR, 6 3BR
- Apartments
- 13
- Income-restricted
- 8
- Placed in service
- 2008
Hillcrest Apt Homes
2200 Burton St, Beloit, WI 53511
47 1BR, 20 2BR
- Apartments
- 67
- Income-restricted
- 66
- Placed in service
- 1995
Olympian Hill Senior Apts
431 Olympian Blvd, Beloit, WI 53511
33 1BR, 10 2BR
- Apartments
- 47
- Income-restricted
- 47
- Placed in service
- 1999
Rock Bay Harbor Senior Apts
1850 E Huebbe Pkwy, Beloit, WI 53511
62 1BR, 35 2BR
- Apartments
- 97
- Income-restricted
- 56
- Placed in service
- 1999
Scoville Center
545 Public Avenue, Beloit, WI 53511
150 1BR
- Apartments
- 150
- Income-restricted
- 2
- Placed in service
- 2010
Woodside Terrace
2237 Burton St, Beloit, WI 53511
90 1BR, 30 2BR
- Apartments
- 120
- Income-restricted
- 4
- Placed in service
- 2008
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.
How tax credit apartments work
Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.
To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.
You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.