River Grove Senior Village is a 24-unit senior housing community for ages 55 and older and persons with disabilities located in Wisconsin Rapids, WI. The property is conveniently located close to area amenities, including shopping, restaurants, parks, and health care facilities.
River Grove Senior Village was built and placed in service in 2002 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires all 24 units to be rented to income qualifying residents earning 30%, 40%, 50%, or 60% of Area Median Income (AMI) limits, which are provided by Wisconsin Housing and Economic Development Authority. A qualified purchaser can be a non-profit or for-profit entity that agrees to maintain the affordable housing units and to fulfill all requirements of the existing regulatory agreements.
River Grove offers one and two bedroom townhome style units featuring fully equipped kitchens with a dishwasher and disposal, washer & dryer connections, large closets, air conditioning, attached single car garages with opener, and private front porches. Community amenities include access to a community room with fireplace, dining room and library.