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Low Income (LIHTC)Waitlist Open

Mcra Home Ownership Program

41 Schenk St, Madison, WI, 53714

Information verified May 8, 2026ยทWe re-check waiting list status daily

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About This Property

The Mcra Home Ownership Program offers 5 three-bedroom units in Madison, Wisconsin serving low-income households, including those experiencing homelessness. This non-profit owned property has been in service since 2004 and receives Community Development Block Grant funding. The program provides permanent supportive housing with a focus on homeownership opportunities for residents.

Waitlist Information

Waitlist managed by Madison Community Development Agency

Public Housing Waitlist
Open
Apply: Online

The Senior and Disabled Public Housing waiting list is currently accepting applications indefinitely. Local residency, elderly, and persons with disabilities receive preferences.

Last verified April 14, 2026
Section 8 (HCV) Waitlist
Closed
Opened March 27, 2023
Closed April 2, 2023
Apply: Online

The waiting list prioritizes families terminated from the HCV program due to insufficient funding, those with children, the disabled, and the elderly. Preferences are also given to City of Madison residents, homeless individuals, or survivors of domestic violence.

Last verified May 3, 2026

Waitlist data provided by section8waitlist.org

Updated May 8, 2026

Property Details

Total Units
5
3 Bedroom
5

Fair Market Rent - Dane County, WI

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$1,004
1 Bedroom$1,182
2 Bedroom$1,372
3 Bedroom$1,808
4 Bedroom$1,986

Income Limits - Dane County, WI

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$21,700
Very Low (50%)
$36,100
Low (80%)
$55,950
2 Persons
Extremely Low (30%)
$24,800
Very Low (50%)
$41,250
Low (80%)
$63,950
3 Persons
Extremely Low (30%)
$27,900
Very Low (50%)
$46,400
Low (80%)
$71,950
4 Persons
Extremely Low (30%)
$30,950
Very Low (50%)
$51,550
Low (80%)
$79,900
5 Persons
Extremely Low (30%)
$33,450
Very Low (50%)
$55,700
Low (80%)
$86,300
6 Persons
Extremely Low (30%)
$35,950
Very Low (50%)
$59,800
Low (80%)
$92,700
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$63,950
Low (80%)
$99,100
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$68,050
Low (80%)
$105,500

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Tax Credit Program Details

Year Placed in Service
2004
LIHTC Credit Type
3
Low-Income Units
5 / 5
Target Population
Homeless
Funding Programs
CDBG
Designations
Non-Profit

Frequently Asked Questions

What is the average rent for affordable housing in Madison, WI?+

The Fair Market Rent (FMR) for Dane County, WI is: $1004 (Studio), $1182 (1BR), $1372 (2BR), $1808 (3BR), $1986 (4BR). Actual rent at subsidized properties like Mcra Home Ownership Program is typically 30% of household income or less.

What size apartments are available at Mcra Home Ownership Program?+

Mcra Home Ownership Program offers the following unit types: 5 Three-Bedroom units, for a total of 5 units.

Is there a waitlist for Mcra Home Ownership Program?+

Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

Who manages Mcra Home Ownership Program?+

Mcra Home Ownership Program is managed by . You can reach them at . Visit their website for more information.

Who is eligible to live at Mcra Home Ownership Program?+

Mcra Home Ownership Program primarily serves formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

How do I apply for housing at Mcra Home Ownership Program?+

Mcra Home Ownership Program is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

What are the income limits for affordable housing in Dane County, WI?+

For a 4-person household in Dane County, WI, the income limits are: Extremely Low Income (30% AMI): $30,950, Very Low Income (50% AMI): $51,550, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.

What is the price range for apartments in Madison, WI?+

Based on Fair Market Rent for Dane County, the estimated price range is: 3-bedroom: $1808. Actual rent at Mcra Home Ownership Program may be lower for income-eligible households.

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Walk Score

Car-Dependent

47
Walk
44
Transit
84
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Dane County, WI

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