704 West National Avenue, Milwaukee, WI 53204
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $652 - 1,249 per Month† | 1 - 3 Beds | 1 - 2 Baths | 584 - 1,082 Sq Ft |
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.
SEVEN04 Place is more than a 60-unit apartment building with high-speed internet, in-unit washer and dryer, indoor storage, gated parking and access control. It’s your ticket to a fulfilling life on Milwaukee’s vibrant south side – for families, veterans, millennials, foodies and folks who value comradery, diversity and community. It’s a place where you can reach all your main amenities by foot, and downtown is just a 10-minute bike ride away. It’s a place to live, play and grow. It’s affordable. SEVEN04 sets the stage. You bring what makes the community special. Join us.
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 Seven04 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 584ft2 | $652 $1,050† |
| Two Bedroom (2/1) | 868ft2 | $779 $1,249† |
| Three Bedroom (3/2) | 1082ft2 | $875 $1,149† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,000 / year | $40,000 / year | $45,000 / year | $49,950 / year | $53,950 / year | $57,950 / year |
| 50% AMI for PBRA Units | $35,000 / year | $40,000 / year | $45,000 / year | $49,950 / year | $53,950 / year | $57,950 / year |
| 60% AMI for LIHTC Units | $42,000 / year | $48,000 / year | $54,000 / year | $59,940 / year | $64,740 / year | $69,540 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Seven04 have a waiting list?
Seven04 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 Seven04?
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 Seven04?
Seven04 is managed by Impact Seven, Inc. headquartered in Almena , Wisconsin.
In addition to Seven04, how many other affordable housing properties (and units) are there in Milwaukee?
In addition to Seven04, we list 292 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.
When was the Seven04 listing last updated?
Seven04 listing on Affordable Housing Online was last updated on 01/01/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Housing options for renters with a criminal record.
A criminal history does not automatically disqualify a renter from federal housing assistance. But more serious offenses may make you inelligible if they were recent.Gina Pocan says:
"Thank you, Affordable Housing Online, for being there for some of the most vulnerable people."