Rethke Terrace

715 RETHKE AVE, Madison, Wisconsin 53714

Contact Rethke Terrace

Heartland’s first development in Madison opened in June 2016 and offers 60 studio apartments for individuals that are homeless or at risk of being homeless. Their greenest development, Rethke Terrace is LEED Platinum and is Passive House Certified, yet will also offer residents a robust set of on-site services to help support their transition to being housed.

Project-Based Vouchers

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	1000	Call for Price

Eligibility for Rethke Terrace

Rethke Terrace Details

60 studio bedroom units.
Low-Income Housing Tax Credit (LIHTC)
Section 8 Project-Based Voucher (PBV)

Property Amenities

On-Site Manager
On-Site Maintenance
High Speed Internet Access

Unit Amenities

Air Conditioning
Dishwasher
Garbage Disposal
Cable Ready
Hardwood Floors
Refrigerator
Oven and Range
Heat and Air

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.