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.

SOUTHWEST MADISON APARTMENT INTEREST LIST

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Common Wealth purchased two properties on Balsam Road in the Fall of 2014 and is in the process of renovating those buildings.

We are accepting names for our INTEREST LIST for these properties, and will contact individuals on the Interest List as soon as we have firm occupancy dates.

The basic property information is as follows:

5726 Balsam Road –...


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2 Bedroom 2nd Floor Unit – Southwest Madison – Available April 1

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2 bedroom Affordable Apartment     

Available approximately April 1

$675

2009 Leland Drive, #3

  • 840 square feet
  • 2nd Floor Unit with New Balcony
  • New windows & refinished hardwood floors
  • Remodeled bathroom
  • Remodeled, eat-in kitchen, newer appliances; ceramic tile floor
  • One free off-street parking spot if tenant has vehicle
  • Coin operated, shared laundry in basement
  • Tenant pays for gas and electric (MG&E...

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1 Bedroom Affordable Unit @ Yahara River View, Available May 1

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1459 E Main ST, #106

$755/month

Available May 1, 2015

 

  • 1–Bedroom main level apartment with patio entrance & 2nd entrance off garage
  • 668 square feet
  • Cork in living room & entryway; carpet in bedroom; A/C in apartment
  • Elevator in building; Coin operated laundry on 2nd & 3rd floors
  • Tenant pays heat bills during heating season only—In-floor radiant heat (avg....

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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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Interested in Renting?

Click HERE to get a rental application.

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