Romnes Apartments

540 W Olin Ave, Madison, WI 53715

Waiting List Forecast: Likely Long or Closed

check_circleVerified for 2020 by Lorena Bentley

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Waitlist Forecast

Since this property may have HUD-funded Public Housing with subsidies that help pay tenants' rent, the property is likely to have a long waiting list. Housing authorities often open these waiting lists periodically. Important: Housing authorities don't always open housing waiting lists at a property-specific level or even allow applicants to choose at which property they can live. Many times, the housing authority will assign an applicant to a property without giving the applicant a choice.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Romnes Apartments is located at 540 West Olin Avenue on the South side of Madison. The property is built on 10 acres of land overlooking the Capitol, Lake Monona and the Frank Lloyd Wright Convention Center. Romnes is beautifully landscaped with a park-like setting, including an open courtyard and flower garden. The South Madison Coalition of the Elderly (SMCE) provides monthly senior center programs and activities at Romnes, as well as a meal program 5 days a week. Romnes has a community room available for resident parties, family events, and other occasions. Several restaurants, churches, and a grocery store are located in the area. On-site management and maintenance are also located at the complex.

Dave's Thoughts On Romnes Apartments

This property is funded through HUD’s Public Housing program. These properties are typically owned and managed by a Public Housing Authority. These properties tend to be much older, as no new public housing has been built in many years. Since the Federal budget has historically (and notoriously) underfunded public housing renovations for decades, these properties tend to have higher vacancies due to uninhabitable units or liveable units that are in poor condition. In addition, since all public housing properties offer rent subsidies, low-income residents only pay rent based on their incomes. For that reason, these properties tend to have longer waiting lists. Check our public housing waiting list data for more information. Since Romnes Apartments participates in the Public Housing program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.

~ Dave Layfield, Founder of Affordable Housing Online

Romnes Apartments Amenities

Playground
Community Room
On-Site Manager
On-Site Parking
Patio Deck Or Balcony
Storage
Resident Service Coordinator
Outings events & activities
Near Bus Line
Landscaping
On-Site Maintenance
Community Garden
Laundry Facilities
Courtyard

Income Qualification for Romnes Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
30% AMI for PBRA Units	$25,700 / year	$29,350 / year	$33,000 / year	$36,650 / year	$39,600 / year	$42,550 / year	$45,450 / year	$50,560 / year
50% AMI for LIHTC Units	$42,750 / year	$48,850 / year	$54,950 / year	$61,050 / year	$65,950 / year	$70,850 / year	$75,750 / year	$80,600 / year
50% AMI for PBRA Units	$42,750 / year	$48,850 / year	$54,950 / year	$61,050 / year	$65,950 / year	$70,850 / year	$75,750 / year	$80,600 / year
80% AMI for PBRA Units	$66,300 / year	$75,750 / year	$85,200 / year	$94,650 / year	$102,250 / year	$109,800 / year	$117,400 / year	$124,950 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Romnes Apartments

Does Romnes Apartments have a waiting list?

Romnes Apartments probably has a waiting list. Since our research has shown there are some public housing units at this property, the waiting list would be for those units. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Romnes Apartments?

We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.

In addition to Romnes Apartments, how many other affordable housing properties (and units) are there in Madison?

In addition to Romnes Apartments, we list 146 other affordable properties in Madison. Learn about these properties here. Our data research shows that there are a total of 7147 affordable units in Madison.