Romnes Apartments is located at 540 West Olin Avenue on the South side of Madison. The property is built on 10 acres of land overlooking the Capitol, Lake Monona and the Frank Lloyd Wright Convention Center. Romnes is beautifully landscaped with a park-like setting, including an open courtyard and flower garden. The South Madison Coalition of the Elderly (SMCE) provides monthly senior center programs and activities at Romnes, as well as a meal program 5 days a week. Romnes has a community room available for resident parties, family events, and other occasions. Several restaurants, churches, and a grocery store are located in the area. On-site management and maintenance are also located at the complex.
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 Romnes Apartments.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $25,700 | $29,350 | $33,000 | $36,650 | $39,600 | $42,550 | $45,450 | $50,560 |
50% | $42,750 | $48,850 | $54,950 | $61,050 | $65,950 | $70,850 | $75,750 | $80,600 |
80% | $66,300 | $75,750 | $85,200 | $94,650 | $102,250 | $109,800 | $117,400 | $124,950 |
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.