About This Property
Lassiter Square comprises 36 low-income units in Madison, NC, serving families, individuals with disabilities, and formerly homeless residents. The property includes eight 1-bedroom, twenty-two 2-bedroom, and six 3-bedroom units and has been in service since 2005. The development utilizes 9% Low-Income Housing Tax Credits to maintain affordability.
Waitlist Information
Waitlist managed by Madison Housing Authority
Applicants will be placed on a waiting list if no immediate units are available. Placement depends on application date/time and qualifying preferences.
The Housing Choice Voucher (HCV) program waitlist is currently closed.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Rockingham County, NC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $633 |
| 1 Bedroom | $719 |
| 2 Bedroom | $934 |
| 3 Bedroom | $1,198 |
| 4 Bedroom | $1,360 |
Income Limits - Rockingham County, NC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,500
- Low (80%)
- $32,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,400
- Low (80%)
- $37,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,600
- Low (80%)
- $50,550
- Extremely Low (30%)
- $33,950
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $36,300
- Very Low (50%)
- $36,300
- Low (80%)
- $58,050
- Extremely Low (30%)
- $38,650
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,500 | $32,800 |
| 2 Persons | $17,420 | $23,400 | $37,450 |
| 3 Persons | $21,960 | $26,350 | $42,150 |
| 4 Persons | $26,500 | $29,250 | $46,800 |
| 5 Persons | $31,040 | $31,600 | $50,550 |
| 6 Persons | $33,950 | $33,950 | $54,300 |
| 7 Persons | $36,300 | $36,300 | $58,050 |
| 8 Persons | $38,650 | $38,650 | $61,800 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison, NC?+
The Fair Market Rent (FMR) for Rockingham County, NC is: $633 (Studio), $719 (1BR), $934 (2BR), $1198 (3BR), $1360 (4BR). Actual rent at subsidized properties like Lassiter Square is typically 30% of household income or less.
What size apartments are available at Lassiter Square?+
Lassiter Square offers the following unit types: 8 One-Bedroom, 22 Two-Bedroom, 6 Three-Bedroom units, for a total of 36 units.
Who manages Lassiter Square?+
Lassiter Square is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Rockingham County, NC?+
For a 4-person household in Rockingham County, NC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,250, Low Income (80% AMI): $46,800. These limits are set by HUD and updated annually.
What is the price range for apartments in Madison, NC?+
Based on Fair Market Rent for Rockingham County, the estimated price range is: 1-bedroom: $719, 2-bedroom: $934, 3-bedroom: $1198. Actual rent at Lassiter Square may be lower for income-eligible households.
How do I apply for housing at Lassiter Square?+
Lassiter 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.
Is there a waitlist for Lassiter Square?+
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 Lassiter Square?+
Lassiter Square primarily serves families, persons with disabilities, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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