205 Cottage Grove Rd, Madison, WI 53716
Waiting List Forecast: Likely Short or None
Verified for 2022 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
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.
The Grove Apartments is home to 112 apartments, including one bedroom, two bedroom and three bedroom styles. The Grove is ideally located as a convenient place to call home, with excellent access to multiple public transportation routes. They are also close to Olbrich Park and Botanical Gardens, the YMCA, a bike path, and several stores and restaurants.
At The Grove, residents enjoy both heated underground and surface parking, a green space and play area at the northern edge of the property, a fully-equipped community room, exercise room, and deck on the fourth floor, and ample indoor and outdoor bike parking. The Grove is sustainably build to Wisconsin Green Built standards, with a highly energy efficient exterior design, EnergyStar appliances, LED lighting, and high-efficiency air conditioners throughout the property.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests The Grove Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | - | Call for Price† |
| 2 Bedroom (2/1) | - | Call for Price† |
| 3 Bedroom (3/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $42,750 / year | $48,850 / year | $54,950 / year | $61,050 / year | $65,950 / year | $70,850 / year |
| 50% AMI for PBRA Units | $42,750 / year | $48,850 / year | $54,950 / year | $61,050 / year | $65,950 / year | $70,850 / year |
| 60% AMI for LIHTC Units | $51,300 / year | $58,620 / year | $65,940 / year | $73,260 / year | $79,140 / year | $85,020 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Grove Apartments have a waiting list?
The Grove Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at The Grove Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges The Grove Apartments?
The Grove Apartments is managed by MSP Real Estate, INC. headquartered in Mendota Heights, MN.
In addition to The Grove Apartments, how many other affordable housing properties (and units) are there in Madison?
In addition to The Grove Apartments, we list 107 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.
When was the The Grove Apartments listing last updated?
The Grove Apartments listing on Affordable Housing Online was last updated on 10/06/2022 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
Search local listings for available Section 8 apartments.
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