Novation Senior Apartments

Novation Parkway, Madison, Wisconsin 53713

Contact Novation Senior Apartments

Novation Senior Commons is an affordable home for seniors aged 55 and over. The Novation senior community is conveniently located just off the Beltline on the south side of Madison, WI. Thoughtfully designed to be both functional and attractive, Novation Senior Commons is designed to meet the growing demand for affordable senior housing in the Madison area.

Novation Senior Commons consists of one 4-story building containing 60 units – each with a spacious floor plan, featuring a fully equipped kitchen and individual furnaces with heat included in the cost of rent. Each community resident also gains exclusive access to additional spaces and amenities, including an exercise room.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	718	Call for Price
Two Bedroom (2/2)	994	Call for Price

Eligibility for Novation Senior Apartments

Novation Senior Apartments Details

60 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Fitness Center

Unit Amenities

Air Conditioning
Water Trash and Sewer 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.