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Madison Park Place

426 N 13th St, Springfield, Illinois 62702

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Madison Park Place Details

  • 150 bedroom units.
  • Section 8 Project-Based Rental Assistance

Section 8 Project-Based Rental Assistance

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.

Springfield 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 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.

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