Northridge Terrace, located at 1 Northridge Ter in Madison, has two and three bedroom apartments. Northridge Terrace participates in the Low-Income Housing Tax Credit (LIHTC) program.
|Two Bedroom (2/1)||1040||$995|
|Three Bedroom (3/1)||1190||$1,135|
The Northridge Terrace Apartments are the perfect place to call home. This charming community offers spacious living accommodations, scenic landscaping, and convenient access to all that Madison has to offer. It’s situated on the border of Troy Gardens and just minutes away from Lake Mendota and the Beautiful Warner Park. Residents also enjoy local shopping, restaurants, and more.
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.
Northridge Terrace is managed by Metropolitan Associates.