Windmill Place
Windmill Place is an exciting housing community designed and built for seniors 55 and better conveniently located in the heart of downtown River Falls and offers the best of both country and city living. Surrounded by grand beautiful mature trees, providing a quiet relaxing atmosphere, you are a short walk or drive to the delights of downtown River Falls. It couldn’t be better!
Open to those who appreciate the convenience and comfort of a well-designed community. You will appreciate the underground heated parking, three inviting sunrooms, and resident business center with computer, fax, and internet. Enjoy the community room with a patio and screened gazebo just outside the door.
Spacious one and two-bedroom apartment homes offer an open floor plan. Rents for the one and two-bedroom apartment homes are very affordable. The indoor neighborhood of Windmill Place provides the peace of your own home along with many common area rooms to meet and socialize with neighbors, giving you more freedom to enjoy your active lifestyle.
Does this sound like the place for you? Apply today!
Windmill Place Gallery
Windmill Place Information
The Details
Below you will find general information about Windmill Place. This includes information on rent, funding and finances, building amenities and more. If you have any questions about Windmill Place, please contact our staff at RFHA. We are always happy to help!
Our Building
- Apartment style living
- Built in 2007
- Patio and Gazebo Access
Our Units
- 24 total units
- 5 one bedroom units
- 19 two bedroom units
- All units are ADA accessible
- Full wheelchair accessibility in 5 units
Preference
- Designated for persons 55+
- 1 person Income limit $68,500
- 2 persons Income limit $78,250
Floor Plans
Unit 1A Accessible Floor Plan
Unit 2A Accessible Floor Plan
Unit 2e Accessible Floor Plan
Amenities
- Spacious two bedroom homes offer an open floor plan
- Neutral decor to go with your furnishings
- Fully equipped kitchen, with stove, refrigerator, dishwasher and disposal
- Beautiful rich wood cabinetry
- Breakfast bar
- Roomy bedrooms with large closets
- Mini-blinds on all windows
- Washer and dryer in every apartment
- Huge bathrooms with lots of storage
- Spacious step-in showers
- Large private deck or patio
- Heating and cooling controlled by resident
- Hook ups for cable, telephone and internet
- Free van service available
Rent Information
Rent is income based on a sliding scale. There is no rental assistance or federal rent subsidy. Security deposit is $300. Tenants pay for electricity which includes heat, lights, AC and cooking.
Finances
An operating budget and rent change is approved by the Board of Commissioners annually. Rent must cover all operating costs, routine maintenance, debt service and monthly deposits to a Reserve for Replacement account. Monthly payments are made to the Reserve account. Cinnaire and First National Bank- River Falls must approve withdrawals from the reserve account.
Windmill Place is owned in partnership with Cinnaire, the Tax Credit Investors. As a tax credit entity, the fiscal year ends Dec. 31. The financial audit is provided to the lender, First National Bank- River Falls, to the investor, Cinnaire and to the monitoring agencies, WHEDA and Department of Administration.
FEDERAL PROGRAMS:
Low Income Housing Tax Credits
USDA Rural Development 538 Guaranteed Loan
HOME Investment Partnerships program
Affordable Housing Partnership (AHP)
REPORTING TO:
Wisconsin Housing and Economic Development Authority (WHEDA)
First National Bank- River Falls
Cinnaire (Investor Partners)
Wisconsin Development of Administration (DOA)
FUNDING:
Low Income Housing Tax Credits
USDA Rural Development 538 Guaranteed Loan
HOME Investment Partnerships program
Affordable Housing Partnership (AHP)