1503 Wright Street, Madison, WI 53704
Waiting List Forecast: Closed
Verified for 2023 by Lorena BentleyRent | Beds | Baths | SqFt |
---|---|---|---|
Call for Rents† | 2 - 5 Beds | 1 - 2.5 Baths | 798 - 1,636 Sq Ft |
Truax Park Apartments Waiting List
The Community Development Authority of the City of Madison (CDACM) waiting list for 2-Bedroom Section 8 Project Based Voucher apartments at Truax Park Apartments is currently closed. Applications were last accepted from June 1, 2020, until an unconfirmed close date. There is no notice of when this waiting list will reopen.
To apply during the opening period, applicants were required to complete the online application.
Preferences have not yet been confirmed.
It was not known how applicants will be placed on the waiting list.
For more information, visit the CDACM website.
Sources: This information was verified by the CDACM, as of May 29, 2020.
Go to the public housing authority page for this waiting list >>
Truax Park Apartments is located at the intersection of Wright Street and Straubel Street on the Northeast side of Madison. Madison Area Technical College (MATC) is located across the street from this beautifully landscaped complex. The East Madison Community Center (EMCC) is a full service multi-use community center and is located in the heart of the Truax Park Apartments. On-site management and maintenance are also located at the complex.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC programonly provides subsidies to the building’s owner at construction. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Truax Park Apartments has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. Records show this property may have been recently associated with the Public Housing program, which means it could have a new RAD Section 8 Project-Based Rental Assistance contract. LIHTC properties tend to have shorter waiting lists however, since this property may have a project-based subsidy, the waiting list may be much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, if this property has a RAD Section 8 Project-Based Rental Assistance contract, your Section 8 voucher cannot be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a possibly longer waiting list if this is indeed a RAD property.
~ Dave Layfield, Founder of Affordable Housing Online
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Two Bedroom (2/1) | 798ft2 | Call for Price† |
Five Bedroom (5/2.5) | 1636ft2 | Call for Price† |
AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people | 9 people | 10 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 | ||
60% AMI for LIHTC Units | $51,300 / year | $58,620 / year | $65,940 / year | $73,260 / year | $79,140 / year | $85,020 / year | $90,900 / year | $96,720 / 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.
Does Truax Park Apartments have a waiting list?
Truax Park Apartments has a waiting list. See above for waiting list details.
Are rents subsidized at Truax Park 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 Truax Park Apartments, how many other affordable housing properties (and units) are there in Madison?
In addition to Truax Park 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 Truax Park Apartments listing last updated?
Truax Park Apartments listing on Affordable Housing Online was last updated on 01/02/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Only submit truthful information.
Submitting false information can disqualify the household from assistance, and may land the applicant in legal trouble.Duane Lindoff says:
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