Housing with Common Wealth Development

Common Wealth provides affordable rental housing opportunities to low and moderate-income households through the ownership and management of 131 apartments.  There are 111 apartments scattered throughout the Williamson-Marquette neighborhood on Madison’s East side, and 20 apartments in the Meadowood neighborhood on Madison’s Southwest side.  Apartment sizes vary from studios (efficiencies) to 3-bedrooms.

2 Bedroom Apt in Southwest Madison, Available NOW – 5726 Balsam RD, #7

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2 bedroom Affordable Apartment      Available July 15            $700

5726 BALSAM RD, #7

  • 850 square feet
  • 1st Floor Unit
  • New windows
  • Remodeled, eat-in kitchen, new appliances; new vinyl floor
  • Hardwood floors in living room, hall & bedrooms
  • One free off-street parking spot if tenant has vehicle
  • Tenant pays for electric
  • Landlord pays heat & water
  • Security Deposit $700
  • No smoking property

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2 Bedroom Unit in Southwest Madison – 2005 Leland DR, #1 – Available August 1

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2 bedroom Affordable Apartment     Available August 1, 2015     $670

2005 Leland Drive, #1

  • 750 square feet
  • 1st Floor with private entry
  • Eat-in kitchen
  • One off-street parking spot If tenant has a vehicle (tenant parking ONLY!)
  • Tenant pays for gas and electric (MG&E projected budget plan is $99/month)
  • No smoking property
  • No dogs (1 spayed or neutered cat allowed)

Income Restrictions...


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3 Bedroom Apt. @ Yahara River View Apartments, Available August 1

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3–Bedroom Affordable Apartment               $962/month              

1459 EAST MAIN ST, #324       Available August 1, 2015

 

  • 1182 square feet
  • 3 bedroom on third floor with balcony (River view) (elevator in building)
  • Carpeted Unit; A/C in apartment
  • Washer/Dryer hook-up in kitchen closet (also coin operated laundry in building)
  • Tenant pays heat bills—In floor radiant heat (avg. $46.36/mo)
  • Tenant pays electric bills (MG&E Average...

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2 BEDROOM YAHARA RIVER VIEW UNIT WITH LIPLESS SHOWER AVAILABLE 8/1/15

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1459 EAST MAIN ST, #109       Available August 1, 2015 (*approx.)

2–Bedroom Affordable Apartment               $950/month     

  • 940 square feet; New Carpet and Vinyl; A/C in apartment (2 wall units)
  • 2 bedroom on first floor with ground-level patio (River view) (elevator in building)
  • Washer/Dryer hook-up in closet inside unit (coin operated laundry in building)
  • Storage room in unit
  • One year lease; Security Deposit...

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5726 BALSAM RD APARTMENT INTEREST LIST (Southwest Madison)

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We are accepting names for our 5726 BALSAM ROAD 3-BEDROOM INTEREST LIST, and will contact individuals on the Interest List as soon as we have firm occupancy dates.  This interest list is ONLY for 5726 Balsam Road and is not a waiting list.

The basic property information is as follows:

5726 Balsam Road – an 8-unit building which will have...


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Jenifer Place Earns Award

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Common Wealth was honored in a ceremony last week by the Federal Home Loan Bank of Chicago for its “commitment to preserve the vitality of neighborhoods in Madison.”  Specifically the award recognizes the success of Jenifer Place.  The Community First Award comes with a grant of $10,000. 


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Common Wealth Receives 2013 Fair Housing Partnership Award for Jenifer Place

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Click here for more information!

Thank you to our partners:  City of Madison HOME Program, Federal Home Loan Bank of Chicago’s Affordable Housing Program, Monona State Bank, and US Department of Housing and Urban Development’s Office of Healthy Homes and Lead Hazard Control through the Wisconsin Department of Health Services.


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JENIFER PLACE: From Eyesore to SO BEAUTIFUL!

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The vision of Common Wealth, the hard work of the rehab crew and strong financial partnerships transformed three abandoned apartment buildings at the corner of Jenifer Street and S. Thornton Avenue into Jenifer Place, now home to twelve families. Common Wealth purchased the foreclosed property in 2011 and began rehabbing the lead-filled, gutted property.

Said Alder Marsha Rummel, “I...


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