Truax Park Apartments
1503 Wright Street, Madison, Wisconsin 53704
Contact Truax Park Apartments
Truax Park Apartments is managed by Community Development Authority of the City of Madison.
Truax Park Apartments is located at the intersection of Wright Street and Straubel Street on the Northeast side of Madison. Madison Area Technical College (MATC) is located across the street from this beautifully landscaped complex. The East Madison Community Center (EMCC) is a full service multi-use community center and is located in the heart of the Truax Park Apartments. On-site management and maintenance are also located at the complex.
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1) | 798 | Call for Price |
| Five Bedroom (5/2.5) | 1636 | Call for Price |
Waiting List is Closed
Some units at this property are available through Community Development Authority of the City of Madison's Truax Park Apartments Section 8 Project-Based Voucher Waiting List. Learn about this waiting list here.Waiting List is Open Until Further Notice
Some units at this property are available through Community Development Authority of the City of Madison's Truax Park Apartments Section 8 Project-Based Voucher Waiting List. Learn how to apply to this waiting list here.Eligibility for Truax Park Apartments
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 Truax Park Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | 9 Person | 10 Person |
|---|---|---|---|---|---|---|---|---|---|---|
| 30% | $25,700 | $29,350 | $33,000 | $36,650 | $39,600 | $42,550 | $45,450 | $50,560 | $0 | $0 |
| 50% | $42,750 | $48,850 | $54,950 | $61,050 | $65,950 | $70,850 | $75,750 | $80,600 | $0 | $0 |
| 80% | $66,300 | $75,750 | $85,200 | $94,650 | $102,250 | $109,800 | $117,400 | $124,950 | $0 | $0 |
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Madison but actual income limits may differ for units at Truax Park Apartments.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | 9 Person | 10 Person |
|---|---|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $42,750 | $48,850 | $54,950 | $61,050 | $65,950 | $70,850 | $75,750 | $80,600 | $0 | $0 |
Truax Park Apartments Details
- 8 two and five bedroom units.
- Public Housing
- Low-Income Housing Tax Credit (LIHTC)
- HOME Investment Partnerships Program
Property Amenities
- Playground
- Community Room
- On-Site Manager
- On-Site Parking
- Resident Service Coordinator
- Landscaping
- On-Site Maintenance
- Community Garden
Unit Amenities
- Central Air
- Handicapped Accessible
- Patio Deck Or Balcony
- Storage
Nearby Amenities
- Near Bus Line
Office Hours
| Day | Hours |
|---|---|
| Monday | 8:00am-4:30pm |
| Tuesday | 8:00am-4:30pm |
| Wednesday | 8:00am-4:30pm |
| Thursday | 8:00am-4:30pm |
Public Housing
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.
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.
HOME Investment Partnerships Program
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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