Madison Gardens is managed by Wilmington Housing Authority.
Created on the site of the former Madison Gardens public housing mid-rise which was demolished in 2005, WHA designed and built 18 three-bedroom, 2.5 bath units consistent with the architecture of the surrounding neighborhood. The units are clustered into two groups of nine with an interior drive and off-street parking accessible from 3rd Street.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
3 Bedroom (3/2.5) | - | Call for Price |
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 Wilmington but actual income limits may differ for units at Madison Gardens.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
50% | $39,100 | $44,650 | $50,250 | $55,800 | $60,300 | $64,750 |
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 Wilmington but actual income limits may differ for units at Madison Gardens.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
Very Low Income (50%) | $39,100 | $44,650 | $50,250 | $55,800 | $60,300 | $64,750 |
Low Income (60%) | $46,920 | $53,580 | $60,300 | $66,960 | $72,360 | $77,700 |
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.