Lake Forest

8541 South Chicago Road, #201, Milwaukee, WI 53221

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2020 by Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	1 Bed	1 Bath	470 Sq Ft

Call (414) 764-5470 Email

Waitlist Forecast

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.

Dave's Thoughts On Lake Forest

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

Units at Lake Forest

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	470ft²	Rent is Based On Your Income^†

Income Qualification for Lake Forest

*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
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.

FAQs for Lake Forest

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.