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Madison Place Apartments

112 Rhone St, Jackson, Tennessee 38301

Madison Place Apartments offer 1 and 2 bedroom apartments. This communities apartments are for seniors 62 and over and disables and handicapped regardless of age.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 500 Call for Price
2 Bedroom (2/1) 700 Call for Price

Madison Place Apartments Details

  • 80 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Controlled Access
  • Community Room
  • Surveillance Cameras
  • Resident Activities
  • Community Kitchen

Unit Amenities

  • Dishwasher
  • Garbage Disposal
  • Fully Equipped Kitchen

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.

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

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $20,900 $23,850 $26,850 $29,800 $32,200 $34,600 $37,000 $39,350
Low Income (60%) $25,080 $28,620 $32,220 $35,760 $38,640 $41,520 $44,400 $47,220

Madison Place Apartments is managed by Emerald Housing Management.

Image of Madison Place Apartments

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