A four-story building with 56 apartments on West National Avenue in Milwaukee could mark budding local developer Brandon Rule’s first ground-up project.
Rule, 27, is a past graduate of the Associates in Commercial Real Estate educational program who also has trained through the Wisconsin Housing and Economic Development Corp. He currently is working in lending and finance with Forward Community Investments and the Community Reinvestment Fund. But meanwhile he is lining up his first developments in the Milwaukee area.
“I’ve been interested in it and for the past five years I’ve really been developing my craft and cultivating my relationships,” said Rule, president of Rule Enterprises LLC in Milwaukee.
He is proposing a project at West National Avenue and South Seventh Street that would have 56 apartments, 47 of which would be reserved for low income residents. Rule applied for $561,100 in WHEDA low-income housing tax credits to finance the development. If he is awarded the credits, the project could start construction later this year or in early 2017, he said