Phases I & II of Madison Heights are a two-phased redevelopment on one site. The projects are the first Rental Assistance Demonstration (RAD) program transaction to take place in Arizona. Madison Heights Phases I & II will include both demolition and new construction of blighted public housing.
Madison Heights Phase II will create an additional 66 units to the site, with 20 units set aside for households with children, 13 one bedroom, 21 two bedroom, 30 three bedroom and 2 four bedroom. The set-aside for the units will be 24 units at 40%, 30 units at 50% and 12 units at 60%.
| 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 |
| 4 Bedroom (4/1) | - | Call for Price |
Eligibility for MADISON HEIGHTS PHASE II
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Avondale but actual income limits may differ for units at MADISON HEIGHTS PHASE II.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% | $32,750 | $37,400 | $42,100 | $46,750 | $50,500 | $54,250 | $58,000 | $61,750 |
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 Avondale but actual income limits may differ for units at MADISON HEIGHTS PHASE II.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $32,750 | $37,400 | $42,100 | $46,750 | $50,500 | $54,250 | $58,000 | $61,750 |
| Low Income (60%) | $39,300 | $44,880 | $50,520 | $56,100 | $60,600 | $65,100 | $69,600 | $74,100 |
MADISON HEIGHTS PHASE II Details
- 77 one, two, three and four bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- Section 8 Project-Based Rental Assistance (PBRA)
Property Amenities
- Fitness Center
- Playground
- Basketball Court
- BBQ and Picnic Area
- Computer Lab
- Community Room
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.
Section 8 Project-Based Rental Assistance (PBRA)
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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