Lakeview Tower is managed by Madison Housing And Redevelopment Commission.
LAKEVIEW TOWER, a 12 story high, 94 unit housing project located at 111 South Washington Avenue, Madison, South Dakota.
There are 59 efficiency units, 32 one-bedroom units, and 3 two-bedroom units.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | 362 | Call for Price |
1 Bedroom (1/1) | 448 | Call for Price |
2 Bedroom (2/1) | 724 | Call for Price |
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 Lakeview Tower.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
---|---|---|---|---|
30% | $19,600 | $22,400 | $25,200 | $30,000 |
50% | $32,650 | $37,300 | $41,950 | $46,600 |
80% | $52,200 | $59,650 | $67,100 | $74,550 |
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.