THIRTEEN31 Place Apartments

The Development site is approximately 72,000 square feet of land (1.72 acres) at the intersection of S. 14th Street and W. National Avenue. The Development encompasses approximately 85,000 square feet of residential space yielding 89 one-, two- and three-bedroom apartments. Eighty-two percent of the units are affordable: 18 units at or below 30% of the Area Median Income (AMI), 36 units at or below 50% AMI, 20 units at or below 60% AMI, and 15 market rate units.

This $17.5 Million development was financed with a combination of 9% Low Income Housing Tax Credit equity, Federal Home Loan Bank – Affordable Housing Program (AHP) funds, City of Milwaukee HOME Funds, WEDC Brownfield Grant, and a first mortgage. This development contributes to the revitalization of the Walkers Point neighborhood while creating affordable apartments in a neighborhood starting to experience gentrification.