About This Property
Greenwood Senior Apts offers 12 two-bedroom units designed to serve disabled residents in Madison, Illinois. The property has been in service since 2001 and is operated as a non-profit owned affordable housing community. All 12 units are designated as low-income housing.
Property Details
Fair Market Rent - Madison County, IL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $928 |
| 1 Bedroom | $972 |
| 2 Bedroom | $1,209 |
| 3 Bedroom | $1,565 |
| 4 Bedroom | $1,818 |
Income Limits - Madison County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,850
- Very Low (50%)
- $29,750
- Low (80%)
- $47,550
- Extremely Low (30%)
- $20,400
- Very Low (50%)
- $34,000
- Low (80%)
- $54,350
- Extremely Low (30%)
- $22,950
- Very Low (50%)
- $38,250
- Low (80%)
- $61,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,450
- Low (80%)
- $67,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,850
- Low (80%)
- $73,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,250
- Low (80%)
- $78,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $52,650
- Low (80%)
- $84,200
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,050
- Low (80%)
- $89,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,850 | $29,750 | $47,550 |
| 2 Persons | $20,400 | $34,000 | $54,350 |
| 3 Persons | $22,950 | $38,250 | $61,150 |
| 4 Persons | $26,500 | $42,450 | $67,900 |
| 5 Persons | $31,040 | $45,850 | $73,350 |
| 6 Persons | $35,580 | $49,250 | $78,800 |
| 7 Persons | $40,120 | $52,650 | $84,200 |
| 8 Persons | $44,660 | $56,050 | $89,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison, IL?+
The Fair Market Rent (FMR) for Madison County, IL is: $928 (Studio), $972 (1BR), $1209 (2BR), $1565 (3BR), $1818 (4BR). Actual rent at subsidized properties like Greenwood Senior Apts is typically 30% of household income or less.
What size apartments are available at Greenwood Senior Apts?+
Greenwood Senior Apts offers the following unit types: 12 Two-Bedroom units, for a total of 12 units.
Who manages Greenwood Senior Apts?+
Greenwood Senior Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Madison, IL?+
Based on Fair Market Rent for Madison County, the estimated price range is: 2-bedroom: $1209. Actual rent at Greenwood Senior Apts may be lower for income-eligible households.
What are the income limits for affordable housing in Madison County, IL?+
For a 4-person household in Madison County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,450, Low Income (80% AMI): $67,900. These limits are set by HUD and updated annually.
Who is eligible to live at Greenwood Senior Apts?+
Greenwood Senior Apts primarily serves persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Greenwood Senior Apts?+
Greenwood Senior 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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