Chestnut Madison Recovery

About This Building

Affordable Housing Option in Madison, IL Overview: Chestnut Madison Recovery Madison is an apartment complex supported by the Low-Income Housing Tax Credit (LIHTC) program. These rental apartments offer affordable housing for individuals or families with income restrictions. Affordability: The LIHTC program provides incentives for builders and developers to create affordable housing options for low-income individuals. The maximum rent charged is determined by the Area Median Income (AMI). However, it's important to note that the AMI may still make this apartment unaffordable for some low-income individuals. We recommend checking the current rental rates to determine affordability. Apartment Details: Located in Madison, IL, this complex consists of 32 low-income apartments. Due to the high demand for affordable housing, most apartments have waiting lists. To inquire about availability and eligibility, contact the property directly using the provided phone number. Important Information: 1. LIHTC Units: This complex falls under the Low-Income Tax Credit program. It is crucial to understand the requirements and guidelines associated with these units before applying. 2. Income Verification: During the application process, it is essential to include and verify the income of all expected adult residents. For specific details, please contact the property management. To learn more about Chestnut Madison Recovery Madison and its affordable housing options, feel free to reach out for additional information.