5th Street School Apartments

2770 North 5th Street, Milwaukee, WI 53212

Waiting List Forecast: Likely Short or None

check_circleVerified for 2019 by Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 2 Beds	1 Bath	380 - 1,000 Sq Ft

Call (414) 509-5641

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.

Fifth Street School, originally built in 1888, is a brand new apartment community in Milwaukee opening this fall 2018. This old school building is tucked inside the Bronzeville neighborhood surrounded by local businesses and minutes from Downtown Milwaukee where more shopping and entertainment are always available. Fifth Street School will offer breathtaking studios, one and two bedroom apartments in a variety of floorplans. This community will also have modern amenities and dedicated staff focused on providing a exceptional customer service to all residents.

Dave's Thoughts On 5th Street School Apartments

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 5th Street School Apartments 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. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. 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

5th Street School Apartments Amenities

Elevator
Fitness Center
Community Room
On-Site Manager
Laundry Room
Storage
On-Site Maintenance
High Speed Internet Access

Units at 5th Street School Apartments

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	380ft²	Call for Price^†
One Bedroom (1/1)	650ft²	Call for Price^†
Two Bedroom (2/1)	1000ft²	Call for Price^†

Income Qualification for 5th Street School Apartments

*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
50% AMI for LIHTC Units	$35,000 / year	$40,000 / year	$45,000 / year	$49,950 / year
50% AMI for PBRA Units	$35,000 / year	$40,000 / year	$45,000 / year	$49,950 / year
60% AMI for LIHTC Units	$42,000 / year	$48,000 / year	$54,000 / year	$59,940 / year

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

FAQs for 5th Street School Apartments

Does 5th Street School Apartments have a waiting list?

5th Street School Apartments 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 5th Street School Apartments?

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 5th Street School Apartments?

5th Street School Apartments is managed by Gorman & Company, Inc. headquartered in Oregon, Wisconsin.

In addition to 5th Street School Apartments, how many other affordable housing properties (and units) are there in Milwaukee?

In addition to 5th Street School Apartments, we list 378 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.