Madison Avenue Apartments

270 N Madison Ave, Richmond, Kentucky 40475

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Eligibility for Madison Avenue 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 Richmond but actual income limits may differ for units at Madison Avenue Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,050 $19,720 $24,860 $30,000 $35,140 $40,280 $45,420 $50,450
50% $26,750 $30,600 $34,400 $38,200 $41,300 $44,350 $47,400 $50,450
80% $42,800 $48,900 $55,000 $61,100 $66,000 $70,900 $75,800 $80,700

Madison Avenue Apartments Details

  • 79 bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Section 221 (d) (3)
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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