Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.
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 Springfield but actual income limits may differ for units at Madison Park Place.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$28,850||$33,000||$37,100||$41,200||$44,500||$47,800||$51,100||$54,400|
|Low Income (60%)||$34,620||$39,600||$44,520||$49,440||$53,400||$57,360||$61,320||$65,280|
Madison Park Place is managed by Related Companies.