About This Property
Lakewood Terrace Apartments in Madera offers 76 low-income housing units that have been in service since 1995. The property includes 40 two-bedroom, 24 three-bedroom, and 12 four-bedroom units designed to serve families. The development is supported through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of the City of Madera
Families are selected from a waiting list based on preference, date, and time; eligibility includes meeting HUD income limits, US citizenship or eligible immigration status, criminal background check, landlord references, and credit check.
The waiting list is not accepting applications at this time.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Madera County, CA
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,083 |
| 1 Bedroom | $1,090 |
| 2 Bedroom | $1,432 |
| 3 Bedroom | $1,998 |
| 4 Bedroom | $2,208 |
Income Limits - Madera County, CA
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,650
- Very Low (50%)
- $24,400
- Low (80%)
- $39,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,900
- Low (80%)
- $44,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,400
- Low (80%)
- $50,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,650
- Low (80%)
- $60,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,450
- Low (80%)
- $64,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $43,250
- Low (80%)
- $69,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $46,050
- Low (80%)
- $73,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,650 | $24,400 | $39,050 |
| 2 Persons | $17,420 | $27,900 | $44,600 |
| 3 Persons | $21,960 | $31,400 | $50,200 |
| 4 Persons | $26,500 | $34,850 | $55,750 |
| 5 Persons | $31,040 | $37,650 | $60,250 |
| 6 Persons | $35,580 | $40,450 | $64,700 |
| 7 Persons | $40,120 | $43,250 | $69,150 |
| 8 Persons | $44,660 | $46,050 | $73,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madera, CA?+
The Fair Market Rent (FMR) for Madera County, CA is: $1083 (Studio), $1090 (1BR), $1432 (2BR), $1998 (3BR), $2208 (4BR). Actual rent at subsidized properties like Lakewood Terrace Apts is typically 30% of household income or less.
What size apartments are available at Lakewood Terrace Apts?+
Lakewood Terrace Apts offers the following unit types: 40 Two-Bedroom, 24 Three-Bedroom, 12 Four-Bedroom units, for a total of 76 units.
Is there a waitlist for Lakewood Terrace Apts?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who is eligible to live at Lakewood Terrace Apts?+
Lakewood Terrace Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Lakewood Terrace Apts?+
Lakewood Terrace Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Lakewood Terrace Apts?+
Lakewood Terrace Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Madera County, CA?+
For a 4-person household in Madera County, CA, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,850, Low Income (80% AMI): $55,750. These limits are set by HUD and updated annually.
What is the price range for apartments in Madera, CA?+
Based on Fair Market Rent for Madera County, the estimated price range is: 2-bedroom: $1432, 3-bedroom: $1998. Actual rent at Lakewood Terrace Apts may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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