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Affordable Housing In Franklin
Milwaukee County, Wisconsin

6 Low Income Apartment Communities In Franklin

Franklin Senior Housing

7704 51st Street
Franklin, Wisconsin
Subsidized
62+
Accessible
Elderly Supportive Housing

Brenwood Park Senior Community Phase II

9501 W Loomis Rd
Franklin, Wisconsin

Clare Meadows of Franklin Phase II

7760 S 51st St
Franklin, Wisconsin

Foresthill Highlands, Phase V

9075 W Highland Park Ave
Franklin, Wisconsin

Foresthill Highlands Building 600

9095 W Highland Park Ave
Franklin, Wisconsin

Clare Meadows of Franklin Senior Housing

7700 S 51st St
Franklin, Wisconsin
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Housing Authorities that serve Franklin

Housing Authority Programs
Milwaukee County Housing Division Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Franklin, Wisconsin

There are 6 low income housing apartment communities offering 349 affordable apartments for rent in Franklin, Wisconsin.

Income Based Apartments in Franklin, Wisconsin

Franklin features 30 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Franklin, Wisconsin

There are 319 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Franklin.

Housing Choice Vouchers in Franklin, Wisconsin

On average, Section 8 Housing Choice vouchers pay Franklin landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Franklin.

The maximum amount a voucher would pay on behalf of a low-income tenant in Franklin, Wisconsin for a two-bedroom apartment is between $830 and $1,014.

2020 Franklin, Wisconsin Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $628 $761 $922 $1,177 $1,303
Payment Standard Range $565 to $691 $685 to $837 $830 to $1,014 $1,059 to $1,295 $1,173 to $1,433

Sourced from federal housing data and AffordableHousingOnline.com research.

Franklin, WI Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 349
Total Housing Units with Rental Assistance 30
Percentage of Housing Units Occupied By Renters 22.43%
Average Renter Household Size 1.87
Average Household Size 2.53
Median Household Income $73,148 ±$3,249
Median Rent $960 ±$25
Percentage Of Renters Overburdened 45.17% ± 6.76pp
Total Population 36,103

Population and Household Demographics

Franklin is a city in Milwaukee County, Wisconsin with a population of 36,103. There are 13,393 households in the city with an average household size of 2.53 persons. 22.43% of households in Franklin are renters.

Income and Rent Overburden in Franklin

The median gross income for households in Franklin is $73,148 a year, or $6,096 a month. The median rent for the city is $960 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Franklin, a household making less than $3,200 a month would be considered overburdened when renting an apartment at or above the median rent. 45.17% of households who rent are overburdened in Franklin.

Area Median Income In Franklin

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Franklin, the AMI is calculated from all households within Milwaukee County.

In Franklin, HUD calculates the Area Median Income for a family of four as $83,800

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Franklin

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Franklin

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $17,650 $20,150 $22,650 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $29,350 $33,550 $37,750 $41,900 $45,300 $48,650 $52,000 $55,350
80% of Median $46,950 $53,650 $60,350 $67,050 $72,450 $77,800 $83,150 $88,550