About This Property
Sherman Park Homeowners Initiative contains 40 units in Milwaukee, Wisconsin, including 6 low-income units designed for households with limited incomes. The property was placed in service in 2015 and currently operates under 9% Low-Income Housing Tax Credits, offering a mix of 4 one-bedroom, 16 three-bedroom, and 20 four-bedroom units.
Waitlist Information
Waitlist managed by Housing Authority of the City of Milwaukee
Head of household must be 18 or older with income not exceeding 80% of Milwaukee County's median income; selection is based on application date and time, with most units being one-bedroom.
The Section 8 tenant-based rent assistance waiting list is closed; previous list was open from December 2021 to August 2024.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Milwaukee County, WI
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $845 |
| 1 Bedroom | $979 |
| 2 Bedroom | $1,170 |
| 3 Bedroom | $1,460 |
| 4 Bedroom | $1,592 |
Income Limits - Milwaukee County, WI
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,750
- Very Low (50%)
- $29,550
- Low (80%)
- $47,250
- Extremely Low (30%)
- $20,250
- Very Low (50%)
- $33,800
- Low (80%)
- $54,000
- Extremely Low (30%)
- $22,800
- Very Low (50%)
- $38,000
- Low (80%)
- $60,750
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,200
- Low (80%)
- $67,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,600
- Low (80%)
- $72,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,000
- Low (80%)
- $78,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,350
- Low (80%)
- $83,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,750
- Low (80%)
- $89,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,750 | $29,550 | $47,250 |
| 2 Persons | $20,250 | $33,800 | $54,000 |
| 3 Persons | $22,800 | $38,000 | $60,750 |
| 4 Persons | $26,500 | $42,200 | $67,500 |
| 5 Persons | $31,040 | $45,600 | $72,900 |
| 6 Persons | $35,580 | $49,000 | $78,300 |
| 7 Persons | $40,120 | $52,350 | $83,700 |
| 8 Persons | $44,660 | $55,750 | $89,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Milwaukee, WI?+
The Fair Market Rent (FMR) for Milwaukee County, WI is: $845 (Studio), $979 (1BR), $1170 (2BR), $1460 (3BR), $1592 (4BR). Actual rent at subsidized properties like Sherman Park Homeowners Initiative is typically 30% of household income or less.
What size apartments are available at Sherman Park Homeowners Initiative?+
Sherman Park Homeowners Initiative offers the following unit types: 4 One-Bedroom, 16 Three-Bedroom, 20 Four-Bedroom units, for a total of 40 units.
What are the income limits for affordable housing in Milwaukee County, WI?+
For a 4-person household in Milwaukee County, WI, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,200, Low Income (80% AMI): $67,500. These limits are set by HUD and updated annually.
Is there a waitlist for Sherman Park Homeowners Initiative?+
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.
How do I apply for housing at Sherman Park Homeowners Initiative?+
Sherman Park Homeowners Initiative 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.
Who manages Sherman Park Homeowners Initiative?+
Sherman Park Homeowners Initiative is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Milwaukee, WI?+
Based on Fair Market Rent for Milwaukee County, the estimated price range is: 1-bedroom: $979, 3-bedroom: $1460. Actual rent at Sherman Park Homeowners Initiative may be lower for income-eligible households.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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