8541 South Chicago Road, #201, Milwaukee, WI 53221
Waiting List Forecast: Likely Long or Closed
Verified for 2020 by Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | 470 Sq Ft |
Since this property may have a Section 8 Property Based Rental Assistance contract with rental assistance available to its residents, it is likely the property has a waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Stop in for your private tour of this beautiful property. Located in Oak Creek, you will enjoy a "Small Town" atmosphere while living in the city.
This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means Lake Forest is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 470ft2 | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $21,000 / year | $24,000 / year | $27,000 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 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 |
| 80% AMI for PBRA Units | $55,950 / year | $63,950 / year | $71,950 / year | $79,900 / year | $86,300 / year | $92,700 / year | $99,100 / year | $105,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Lake Forest have a waiting list?
Lake Forest probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Lake Forest?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Lake Forest?
Lake Forest is managed by Metropolitan Associates headquartered in Milwaukee, Wisconsin.
In addition to Lake Forest, how many other affordable housing properties (and units) are there in Milwaukee?
In addition to Lake Forest, 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.
710 West Historic Mitchell Street, Milwaukee, Wisconsin 53204
2195 W State St, Milwaukee, Wisconsin 53233
3301 W North Ave, Milwaukee, Wisconsin 53215
555 South Layton Blvd., Milwaukee, Wisconsin 53215
1110 North 17th Street, Milwaukee, Wisconsin 53233
Looking for landlords who will take a Section 8 voucher?
Ask your housing authority if they have a list of landlords who accept Section 8 Housing Choice Vouchers.Belinda Hewitt says:
"With the information from Affordable Housing Online, I was finally able to apply and get on a waiting list. I see there is still hope, thank you so much!"