About This Property
Madison Palms Tc comprises 73 two-bedroom units in North Las Vegas designed to serve elderly residents. The property entered service in 2019 and operates as a low-income housing community utilizing 9% Low-Income Housing Tax Credits. This Clark County development offers affordable housing options for seniors seeking accessible rental accommodations.
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 Tc is typically 30% of household income or less.
What size apartments are available at Madison Palms Tc?+
Madison Palms Tc offers the following unit types: 73 Two-Bedroom units, for a total of 73 units.
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.
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 Tc may be lower for income-eligible households.
How do I apply for housing at Madison Palms Tc?+
Madison Palms Tc is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Who is eligible to live at Madison Palms Tc?+
Madison Palms Tc primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Madison Palms Tc?+
Madison Palms Tc is managed by . You can reach them at .
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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