Presidential Estates is managed by Dominion Realty Inc.
At Presidential Estates, you'll discover your comfort is our number one priority thanks to our dependable maintenance and friendly staff. Presidential Estates is located just minutes from shopping and restaurants and just up the hill from historic Madison and beautiful Clifty Falls State Park!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | 586 | Income Based |
1 Bedroom (1/1) | 596 | Income Based |
2 Bedroom (2/1) | 746 | Income Based |
2 Bedroom (2/1) | 749 | Income Based |
2 Bedroom (2/1.5) | 961 | Income Based |
3 Bedroom (3/1.5) | 1211 | Income Based |
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 Presidential Estates.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person |
---|---|---|---|---|---|---|
30% | $16,600 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 |
50% | $27,650 | $31,600 | $35,550 | $39,450 | $42,650 | $45,800 |
80% | $44,200 | $50,500 | $56,800 | $63,100 | $68,150 | $73,200 |
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.
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.