Prairie Park Senior Apartments

6530 Schroeder Rd, Madison, Wisconsin 53711

Prairie Park Senior Apartments, located at 6530 Schroeder Rd in Madison, has one and two bedroom apartments. Prairie Park Senior Apartments participates in the Low-Income Housing Tax Credit (LIHTC) program.

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Waiting List is Open Now

The Prairie Park Senior Apartments waiting list is currently open until further notice.

Last updated on September 20th, 2019

Units

Unit (Bd/Ba) Ft2 Rent
Prairie Park Apartments (1/1) 811 Income Based
Prairie Park Apartments (2/1) 1042 Income Based
Prairie Park Apartments (2/2) 1138 Income Based

Prairie Park Senior Apartments Details

  • 96 one and two bedroom units.
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Accepts Section 8 Housing Choice Vouchers (HCV)
  • Near Elderly (55+)

Property Amenities

  • Elevator
  • Fitness Center
  • Business Center
  • Clubhouse
  • 24hr Emergency Maintenance
  • Underground Parking
  • On-Site Management
  • Pet Friendly
  • Free Parking

Unit Amenities

  • Central Air
  • Dishwasher
  • Garbage Disposal
  • Walk-in Closet(s)
  • Refrigerator
  • Stove
  • Washer/ Dryer

Nearby Amenities

  • Barber/ Beauty Salon

Office Hours

Day Hours
Monday 9:00am-6:00pm
Tuesday 9:00am-6:00pm
Wednesday 9:00am-6:00pm
Thursday 9:00am-6:00pm
Friday 9:00am-6:00pm
Saturday 10:00am-5:00pm
Sunday 12:00pm-5:00pm

About Prairie Park Senior Apartments

3 FREE months rent, NO application fee, and $99.00 Security Deposit if you sign your lease by October 31, 2019! Located on the west side of Madison, WI, Prairie Park Senior Apartments is an affordable apartment home community specifically designed for seniors 55 and better. Live easy with amenities such as a community dining room, in-house salon, fitness center, and computer room. Each apartment home offers features such as an in-unit washer and dryer and walk-in closets. 

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 Prairie Park Senior Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $35,150 $40,200 $45,200 $50,200 $54,250 $58,250 $62,250 $66,300
Low Income (60%) $42,180 $48,240 $54,240 $60,240 $65,100 $69,900 $74,700 $79,560

Prairie Park Senior Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Prairie Park Senior Apartments is managed by Greystone Property Management Corporation.

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Image of Prairie Park Senior Apartments
Image of Prairie Park Senior Apartments
Image of Prairie Park Senior Apartments
Image of Prairie Park Senior Apartments
Image of Prairie Park Senior Apartments
Image of Prairie Park Senior Apartments
Image of Prairie Park Senior Apartments
Image of Prairie Park Senior Apartments

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