About This Property
Gardenia Square comprises 12 low-income rental units in Madison, Florida, serving families with two-bedroom floor plans. Built in 1991, the property operates under 9% Low-Income Housing Tax Credit financing. All 12 units serve households at or below area median income limits.
Property Details
Fair Market Rent - Madison County, FL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $736 |
| 1 Bedroom | $778 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,156 |
| 4 Bedroom | $1,481 |
Income Limits - Madison County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,400
- Low (80%)
- $31,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,200
- Low (80%)
- $35,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,700
- Low (80%)
- $44,300
- Extremely Low (30%)
- $29,950
- Very Low (50%)
- $29,950
- Low (80%)
- $47,850
- Extremely Low (30%)
- $32,150
- Very Low (50%)
- $32,150
- Low (80%)
- $51,400
- Extremely Low (30%)
- $34,350
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $36,600
- Very Low (50%)
- $36,600
- Low (80%)
- $58,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,400 | $31,050 |
| 2 Persons | $17,420 | $22,200 | $35,450 |
| 3 Persons | $21,960 | $24,950 | $39,900 |
| 4 Persons | $26,500 | $27,700 | $44,300 |
| 5 Persons | $29,950 | $29,950 | $47,850 |
| 6 Persons | $32,150 | $32,150 | $51,400 |
| 7 Persons | $34,350 | $34,350 | $54,950 |
| 8 Persons | $36,600 | $36,600 | $58,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison, FL?+
The Fair Market Rent (FMR) for Madison County, FL is: $736 (Studio), $778 (1BR), $905 (2BR), $1156 (3BR), $1481 (4BR). Actual rent at subsidized properties like Gardenia Square is typically 30% of household income or less.
What size apartments are available at Gardenia Square?+
Gardenia Square offers the following unit types: 12 Two-Bedroom units, for a total of 12 units.
Who is eligible to live at Gardenia Square?+
Gardenia Square primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Madison, FL?+
Based on Fair Market Rent for Madison County, the estimated price range is: 2-bedroom: $905. Actual rent at Gardenia Square may be lower for income-eligible households.
What are the income limits for affordable housing in Madison County, FL?+
For a 4-person household in Madison County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,700, Low Income (80% AMI): $44,300. These limits are set by HUD and updated annually.
Who manages Gardenia Square?+
Gardenia Square is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Gardenia Square?+
Gardenia Square 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.