Lakeview Tower

111 S Washington Ave, Madison, SD 57042

Waiting List Forecast: Open Until Further Notice

check_circleVerified for 2022 by Nathan Brunet
Rent Beds Baths SqFt
Call for Rents Studio - 2 Beds 1 Bath 362 - 724 Sq Ft

Waitlist Information

Lakeview Tower Waiting List

Go to the public housing authority page for this waiting list >>

LAKEVIEW TOWER, a 12 story high, 94 unit housing project located at 111 South Washington Avenue, Madison, South Dakota.

There are 59 efficiency units, 32 one-bedroom units, and 3 two-bedroom units.
 

Dave's Thoughts On Lakeview Tower

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 Lakeview Tower 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, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Units at Lakeview Tower

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) 362ft2 Call for Price
1 Bedroom (1/1) 448ft2 Call for Price
2 Bedroom (2/1) 724ft2 Call for Price

Income Qualification for Lakeview Tower

*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
30% AMI for PBRA Units $19,600 / year $22,400 / year $25,200 / year $30,000 / year
50% AMI for LIHTC Units $32,650 / year $37,300 / year $41,950 / year $46,600 / year
50% AMI for PBRA Units $32,650 / year $37,300 / year $41,950 / year $46,600 / year
80% AMI for PBRA Units $52,200 / year $59,650 / year $67,100 / year $74,550 / year

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

FAQs for Lakeview Tower

Does Lakeview Tower have a waiting list?

Lakeview Tower has a waiting list. See above for waiting list details.

Are rents subsidized at Lakeview Tower?

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 Lakeview Tower, how many other affordable housing properties (and units) are there in Madison?

In addition to Lakeview Tower, we list 10 other affordable properties in Madison. Learn about these properties here. Our data research shows that there are a total of 281 affordable units in Madison.

Listings Near Lakeview Tower

Harvest Point Apartments

511 SE 9th St, Madison, South Dakota 57042

bed 2-3
payment $748-783/mo.
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
accessibility Accessible

Ecco, Inc

1105 N Harth Ave, Madison, South Dakota 57042

payment Subsidized

Lincoln Arms

1036 N Lincoln Ave, Madison, South Dakota 57042

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Parkview Apartments

1000 NW 7th St, Madison, South Dakota 57042

Prairie View Apartments

219 SW 8th St, Madison, South Dakota 57042

Madison Arms

1030 N Lincoln Ave, Madison, South Dakota 57042

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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