About This Property
Madison Palms offers 54 two-bedroom units in North Las Vegas, serving elderly residents through the Low-Income Housing Tax Credit program. The property has been in service since 2019 and is financed through 4% LIHTC credits. All units are designated as low-income housing.
Property Details
Fair Market Rent - Clark County, NV
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,214 |
| 1 Bedroom | $1,377 |
| 2 Bedroom | $1,643 |
| 3 Bedroom | $2,315 |
| 4 Bedroom | $2,731 |
Income Limits - Clark County, NV
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,550
- Very Low (50%)
- $27,550
- Low (80%)
- $44,100
- Extremely Low (30%)
- $18,900
- Very Low (50%)
- $31,500
- Low (80%)
- $50,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,450
- Low (80%)
- $56,700
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,350
- Low (80%)
- $62,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,500
- Low (80%)
- $68,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,650
- Low (80%)
- $73,050
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,800
- Low (80%)
- $78,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,950
- Low (80%)
- $83,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,550 | $27,550 | $44,100 |
| 2 Persons | $18,900 | $31,500 | $50,400 |
| 3 Persons | $21,960 | $35,450 | $56,700 |
| 4 Persons | $26,500 | $39,350 | $62,950 |
| 5 Persons | $31,040 | $42,500 | $68,000 |
| 6 Persons | $35,580 | $45,650 | $73,050 |
| 7 Persons | $40,120 | $48,800 | $78,100 |
| 8 Persons | $44,660 | $51,950 | $83,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in North Las Vegas, NV?+
The Fair Market Rent (FMR) for Clark County, NV is: $1214 (Studio), $1377 (1BR), $1643 (2BR), $2315 (3BR), $2731 (4BR). Actual rent at subsidized properties like Madison Palms is typically 30% of household income or less.
What size apartments are available at Madison Palms?+
Madison Palms offers the following unit types: 54 Two-Bedroom units, for a total of 54 units.
Who manages Madison Palms?+
Madison Palms is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Madison Palms?+
Madison Palms 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 is the price range for apartments in North Las Vegas, NV?+
Based on Fair Market Rent for Clark County, the estimated price range is: 2-bedroom: $1643. Actual rent at Madison Palms may be lower for income-eligible households.
Who is eligible to live at Madison Palms?+
Madison Palms primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Clark County, NV?+
For a 4-person household in Clark County, NV, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,350, Low Income (80% AMI): $62,950. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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