Tailor Place

5630 Schroeder Rd, Madison, WI 53711

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	1 Bed	1 Bath	724 Sq Ft

Call (608) 205-5145 Email

Waitlist Forecast

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.

Tailor Place is an exciting apartment community located in Madison’s inviting and active Green Tree neighborhood.

Experience SMOKE FREE LIVING in these modern and spacious apartments while enjoying the many amenities the property has to offer: fitness center, community lounge, community gardens, and playground. The community also includes onsite management, 24hr emergency maintenance and controlled building access.

Dave's Thoughts On Tailor Place

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 Tailor Place 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

Tailor Place Amenities

Controlled Access
Fitness Center
Playground
Community Room
24hr Emergency Maintenance
Window Coverings
On-Site Maintenance
Washer and Dryer Included

Units at Tailor Place

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	724ft²	Call for Price^†

Income Qualification for Tailor Place

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
50% AMI for LIHTC Units	$42,750 / year	$48,850 / year	$54,950 / year	$61,050 / year	$65,950 / year	$70,850 / year	$75,750 / year	$80,600 / year
50% AMI for PBRA Units	$42,750 / year	$48,850 / year	$54,950 / year	$61,050 / year	$65,950 / year	$70,850 / year	$75,750 / year	$80,600 / year
60% AMI for LIHTC Units	$51,300 / year	$58,620 / year	$65,940 / year	$73,260 / year	$79,140 / year	$85,020 / year	$90,900 / year	$96,720 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Tailor Place

Does Tailor Place have a waiting list?

Tailor Place 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 Tailor Place?

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 Tailor Place?

Tailor Place is managed by Stone House Development, INC headquartered in Madison, WI.

In addition to Tailor Place, how many other affordable housing properties (and units) are there in Madison?

In addition to Tailor Place, we list 146 other affordable properties in Madison. Learn about these properties here. Our data research shows that there are a total of 7147 affordable units in Madison.