2821 Welford Sanders Lofts

2812 N 5th St, Milwaukee, WI 53212

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Colleen Carter, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Call (414) 273-8326

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.

Welford Sanders Historic Lofts, located in the Harambee Neighborhood, offer 2-bedroom loft-style floor plans. Residents enjoy a secure lobby with locked/fobbed entrance and elevator, cameras strategically placed for optimal viewing of common areas of the property inside and outside, not to mention the apartment intercom which is at the entrance of the building can be used to gain limited access to the building so your guests do not have to wait in the weather. Apartments are also secure with dead bolt entry and there is easy access to residents’ mail with outgoing mail collection on site.

Welford Sanders offers urban style lofts have exposed brick, hardwood floors with a historic character of a former nationally known shoe factory. The building is handicapped accessible with a handicap lift elevator and additional ADA (American Disability Act) units.

Dave's Thoughts On 2821 Welford Sanders Lofts

Because 2821 Welford Sanders Lofts participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Income Qualification for 2821 Welford Sanders Lofts

*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	$35,000 / year	$40,000 / year	$45,000 / year	$49,950 / year	$53,950 / year	$57,950 / year	$61,950 / year	$65,950 / year
50% AMI for PBRA Units	$35,000 / year	$40,000 / year	$45,000 / year	$49,950 / year	$53,950 / year	$57,950 / year	$61,950 / year	$65,950 / year
60% AMI for LIHTC Units	$42,000 / year	$48,000 / year	$54,000 / year	$59,940 / year	$64,740 / year	$69,540 / year	$74,340 / year	$79,140 / year

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

FAQs for 2821 Welford Sanders Lofts

Does 2821 Welford Sanders Lofts have a waiting list?

2821 Welford Sanders 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 2821 Welford Sanders 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 2821 Welford Sanders Lofts?

2821 Welford Sanders Lofts is managed by Team Management headquartered in Milwaukee, WI.

In addition to 2821 Welford Sanders Lofts, how many other affordable housing properties (and units) are there in Milwaukee?

In addition to 2821 Welford Sanders Lofts, we list 291 other affordable properties in Milwaukee. Learn about these properties here. Our data research shows that there are a total of 19045 affordable units in Milwaukee.