Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. 

An extensive list of coronavirus resources for low-income households can be found here.

Madison Senior Apartments

1601 Market St, Madison, Illinois 62060

Madison Senior Apartments Details

  • 14 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.

Madison Low-Income Housing Tax Credit Income Limits

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 Madison but actual income limits may differ for units at Madison Senior Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $29,050 $33,200 $37,350 $41,450 $44,800 $48,100 $51,400 $54,750
Low Income (60%) $34,860 $39,840 $44,820 $49,740 $53,760 $57,720 $61,680 $65,700

Nearby Low Income Apartment Communities

Chestnut Mainstay II

1411 6th St
Madison, Illinois
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Greenwood Senior Apartments

1026 Greenwood St
Madison, Illinois

Washington Avenue Housing Development

Market And 2nd St
Madison, Illinois

1234 - 36 Madison

1234 Madison Ave
Madison, Illinois