Madison Park Place
426 N 13th St, Springfield, Illinois 62702
Contact Madison Park Place
Madison Park Place is managed by Related Companies.
Eligibility for Madison Park Place
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 Springfield but actual income limits may differ for units at Madison Park Place.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $34,800 | $39,750 | $44,700 | $49,650 | $53,650 | $57,600 | $61,600 | $65,550 |
| Low Income (60%) | $41,760 | $47,700 | $53,640 | $59,580 | $64,380 | $69,120 | $73,920 | $78,660 |
Madison Park Place Details
- 150 bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
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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