Madison Heritage Apartments

101 W 2nd Street, Madison, Indiana 47250

Contact Madison Heritage Apartments

Madison Heritage Apartments is gracious apartment living in a picturesque, historic community with a beautiful view of the mighty Ohio River, home of the Madison Regatta, Chatauqua and other community festivals. This affordable, older adult (62 ) community has several apartments equipped to accommodate those who are mobility impaired (also available to those over the age of 18).

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	432	Call for Price
One Bedroom (1/1)	528	Call for Price

Eligibility for Madison Heritage Apartments

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 Madison but actual income limits may differ for units at Madison Heritage Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$16,600	$19,720	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$27,650	$31,600	$35,550	$39,450	$42,650	$45,800	$48,950	$52,100
80%	$44,200	$50,500	$56,800	$63,100	$68,150	$73,200	$78,250	$83,300

Madison Heritage Apartments Details

30 studio and one bedroom units.
Section 202 Supportive Housing for the Elderly
Section 221 (d) (3)

Property Amenities

Controlled Access
BBQ and Picnic Area
Community Room
On-Site Manager
Organized Activities
Off-Street Parking

Unit Amenities

Air Conditioning
Handicapped Accessible
All Appliances included
Garbage Disposal
Cable Ready
Spacious Closets
Window Coverings
Carpet

Nearby Amenities

Close to Dining
Close to Downtown District
Close to Public Transportation
Close to Shopping
Near Hospital

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.