Madison Park Townhomes

315 N. Norbeck St, Vermillion, South Dakota 57069

Madison Park Townhomes is an affordable housing community, featuring a total of 40 townhomes.
Professionally managed by NLR Property Management, our Energy Star certified townhomes are a Pet Friendly community with Washer & Dryer included!

Unit (Bd/Ba) Ft2 Rent
Two Bedroom One in a half Bath (2/1.5) 1100 Call for Price
Three Bedroom Two in a half Bath (3/2.5) 1370 Call for Price

Eligibility for Madison Park Townhomes

Madison Park Townhomes Details

  • 40 two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Energy Star Appliances

Unit Amenities

  • Central Air
  • Dishwasher
  • Garbage Disposal
  • Microwave
  • Window Coverings
  • Washer and Dryer Included
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.

Images of Madison Park Townhomes
Image of Madison Park Townhomes
Nearby Low Income Apartment Communities like Madison Park Townhomes

Riverwood Apartments

1125 Madison St
Vermillion, South Dakota
Subsidized
Rent Assisted
Senior
Supportive
LIHTC
S515
RDRA
$694-789
1-2 BR