Madison Villa

5615 Madison Rd, Cincinnati, Ohio 45227

Contact Madison Villa

Madison Villa located in Madisonville in Cincinnati, Ohio, offers 84 one-bedroom and five two-bedroom apartments and six efficiency apartments. All affordable for qualifying residents who are age 62 or older or age 18 or older with a mobility disability, who meet income requirements. Madison Villa residents enjoy the comfort and convenience of being only 20 minutes from downtown Cincinnati. Residents have access to public transit nearby and monthly bus trips to take care of shopping needs and to reach local business services and community centers. Comfortable apartments, secure entrances, community areas and parking are all a part of this campus. The grounds are well maintained and offer comfortable spaces for visiting guests and residents who enjoy spending a quiet afternoon together.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	-	Income Based
2 Bedroom (2/1)	-	Income Based

Eligibility for Madison Villa

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 Cincinnati but actual income limits may differ for units at Madison Villa.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$21,250	$24,300	$27,350	$30,350
50%	$35,400	$40,450	$45,500	$50,550
80%	$56,650	$64,750	$72,850	$80,900

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 Cincinnati but actual income limits may differ for units at Madison Villa.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$35,400	$40,450	$45,500	$50,550

Madison Villa Details

108 one and two bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 221 (d) (3)

Property Amenities

Community Room
On-Site Parking
Laundry Facilities
Shuttle Bus

Unit Amenities

Cable Ready
Refrigerator
Stove
Electric Range
Individual heating and cooling systems

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.

Low-Income Housing Tax Credit (LIHTC)

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.