Madison Point Senior Apartments

About This Building

Affordable Housing Community for Seniors with a Variety of 1 and 2 Bedroom Homes Key Features: - A well-priced community offering comfortable 1 and 2 bedroom homes - Exclusive to residents aged 55 and above - Total of 80 apartments available - All 80 apartments are designated as low-income units Apartment Types: - 40 One Bedroom (1 bdrm) Apartments - 40 Two Bedroom (2 bdrm) Apartments - Suitable for individuals or couples Family Apartments: - Open to families and individuals of all ages - A welcoming community for everyone Income-based Rent: - Madison Point properties follow Section 42, LIHTC (Low Income Tax Credit) guidelines - Rent prices are determined by the Area Medium Income (AMI) and tenant based utility allowances - At least 20% of the apartments are offered at reduced rates for low-income tenants Waiting Lists: - It is common for low-income apartments to have waiting lists - The waiting period can vary, ranging from a few months to several years - Increase your chances by applying to multiple waiting lists Direct Contact: - Phone numbers and websites are provided for direct contact with the apartments - Reach out to inquire about current availability or waiting list status Apartment Rates: - Many listing pages include current apartment rates - HUD listings typically don't publish rates; instead, they are based on renters' adjustable gross income (30% of AGI) - Contact the apartments directly to determine if you qualify for income-based rent