815 8th Street, Racine, WI 53403
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $936 - 1,450 per Month† | 1 - 3 Beds | 1 - 2 Baths | 1,210 - 2,200 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Welcome to Mitchell Wagon Lofts, a residential community featuring 1-, 2-, and 3-bedroom apartments in Racine, WI. Spacious layouts and amenities welcome you home, along with exceptional service and an ideal location within walking distance to shopping, dining and entertainment options.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Mitchell Wagon Lofts does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 1210ft2 | $936† |
| Two Bedroom (2/1) | 2000ft2 | $1,450† |
| Three Bedroom (3/2) | 2200ft2 | $1,282† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $32,000 / year | $36,600 / year | $41,150 / year | $45,700 / year | $49,400 / year | $53,050 / year |
| 50% AMI for PBRA Units | $32,000 / year | $36,600 / year | $41,150 / year | $45,700 / year | $49,400 / year | $53,050 / year |
| 60% AMI for LIHTC Units | $38,400 / year | $43,920 / year | $49,380 / year | $54,840 / year | $59,280 / year | $63,660 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Mitchell Wagon Lofts have a waiting list?
Mitchell Wagon Lofts probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Mitchell Wagon Lofts?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Mitchell Wagon Lofts?
Mitchell Wagon Lofts is managed by The Michaels Organization headquartered in Camden, NJ.
In addition to Mitchell Wagon Lofts, how many other affordable housing properties (and units) are there in Racine?
In addition to Mitchell Wagon Lofts, we list 43 other affordable properties in Racine. Learn about these properties here. Our data research shows that there are a total of 2386 affordable units in Racine.
When was the Mitchell Wagon Lofts listing last updated?
Mitchell Wagon Lofts listing on Affordable Housing Online was last updated on 01/15/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Affordable housing is for both families and individuals.
There is no requirement to have family members or children to live in affordable housing. Single persons are eligible for housing.Kim Eatmon says:
"Affordable Housing Online is a great way to see what’s available for low income housing."