Lake Oaks

1912 Wisconsin Ave, Racine, Wisconsin 53403

Contact Lake Oaks

Lake Oaks Apartments is an affordable apartment community for persons 55 or older located on the Southeast side of Racine, Wisconsin right across the street from beautiful Lake Michigan. We offer pet-friendly one and two bedroom apartments. In addition to the beautiful view of Lake Michigan, you will find well-maintained apartment homes, meticulously landscaped grounds and professional on-site office and maintenance service teams. We are conveniently located on Wisconsin Avenue, across from Lake Michigan. Transportation around Racine is a breeze with stops on several Racine Transit bus routes and easy access to WI-32. Lake Oaks offers several community amenities including planned resident events, a clubhouse, convenience store, beauty/barber salon, stylish 50's Cafe, Dining Room, Media Center, and a fitness center. The apartment homes feature open kitchens with generous cabinet space and walk-in closets. Select units offer walk-in showers, washers and dryers and panoramic views of Lake Michigan. This community is owned and managed by the Gene B. Glick Company.

Eligibility for Lake Oaks

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Racine but actual income limits may differ for units at Lake Oaks .

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$32,000	$36,600	$41,150	$45,700	$49,400	$53,050	$56,700	$60,350
Low Income (60%)	$38,400	$43,920	$49,380	$54,840	$59,280	$63,660	$68,040	$72,420

Lake Oaks Details

85 bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.