Madison Park North Apartments.
738 W North Ave
Baltimore, Baltimore City County, Maryland 21217

Call (855) 598-3283, enter extension 58946, then hit #.

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Funding Programs

Madison Park North Apartments. was developed and operates with Federal housing financing. The property utilizes the Project Based Sec. 8 Federal housing program to make rent affordable to lower income tenants.

Section 8

Madison Park North Apartments. has a project-based Section 8 contract. 202 of the 202 total units at the property receive Section 8 assistance. This means that 100% of the renter households in the property pay no more than 30% of their adjusted income for rent.

The current Section 8 contract was effective on July 01, 2014 and the contract expires on June 30, 2015. The Section 8 contract rent is 72.9% of the Fair Market Rent for the area. According to the HUD Multifamily database, the fair market rents for the area are $1,298.00 for Two Bedroom, $1,663.00 for Three Bedroom, and $1,934.00 for Four Bedroom.

26% of Maryland properties and 26% of all properties across the country have Section 8 rental subsidies. See the Rent Subsidies section for more.

Overview

Madison Park North Apartments. is an affordable apartment community located in Baltimore, Maryland which is located in Baltimore City County. The property is located in Maryland's 3rd Congressional District served by Representative John Sarbanes (D), Senator Chris Van Hollen (D) and Senator Benjamin Cardin (D).

Madison Park North Apartments. is an apartment community containing 202 rental units. The property contains 610 bedrooms and based on typical apartment occupancy limits, Madison Park North Apartments. is home to not more than 1220 persons when fully occupied.

Rent Subsidies

Madison Park North Apartments. provides rental subsidies to renters. The type of subsidy provided to apartment renters in Baltimore, MD by this property is Project Based Sec. 8.

This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference. To qualify, a renter must earn 50% or less of the Area Median Income.

There is a minimum rent payment of not less than $25 and as much as $50 for all subsidy recipients at this property. That means that even if a renter has zero income, they will still be required to pay rent. In recent years, there have been various legislative proposals to increase the Section 8 minimum rent but advocates make the valid point that minimum rents affect the poorest of the poor.

Unit Mix

Madison Park North Apartments. contains a mix of 202 assisted two, three, and four bedroom apartments for rent. There are 48 Two Bedroom, 102 Three Bedroom, and 52 Four Bedroom apartments in this property. The unit mix is 24% Two Bedroom, 50% Three Bedroom, and 26% Four Bedroom apartment rentals. The average bedroom size for Madison Park North Apartments. is 3.02.

Maryland's 3rd

Congressional District

202

Total Units

202

Project Based Sec. 8 Units

72.9

% of Fair Market Rent

30-Jun-15

Project Based Sec. 8 Contract Expiration

Two, Three, and Four

Unit Mix

3.02

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data