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.

5726 BALSAM ROAD – Rehabbed 3 bedroom, 2 bath apartments

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We have two THREE-BEDROOM, TWO-BATH apartments available beginning September 1!

3 bedroom Affordable Apartments     Available September 1     $860

5726 BALSAM RD, #3  or 5726 BALSAM RD, #4

  • 1000 square feet
  • 2nd Floor Unit with New Balcony
  • 3 bedrooms, 2 baths
  • New windows
  • New wall air conditioner
  • Remodeled bathroom (all new fixtures & vinyl floor)
  • Remodeled, eat-in kitchen, new appliances

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HUGE 3 bedroom available NOW on Jenifer Street!

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3-bedroom Affordable Apartment     Available NOW     $1090

1308 Jenifer Street #2

  • 1450 square feet
  • Hardwood floors, large living room and dining room
  • Eat-in kitchen
  • Newer furnace
  • Tenant pays own gas and electric to MG&E (average is $115/month)
  • Tenant pays a portion of common area electric and heat (average is $36/month).
  • Landlord pays water & sewer bills
  • Basement storage area
  • No...

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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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