About This Property
Village Green is a 32-unit affordable housing community in Madison, SD that serves low-income households. The property contains 31 two-bedroom units and has been in service since 2011. Funding for this development comes through the HOME program.
Waitlist Information
Waitlist managed by Madison Housing and Redevelopment Commission
Available for low to moderate income individuals, families, elderly, and handicapped tenants; a criminal background check is required.
The HCV waiting list for Lake, Miner, and McCook County, South Dakota, is currently closed. Eligibility for the program includes income limits, and specific student qualifying facts.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Lake County, SD
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $628 |
| 1 Bedroom | $706 |
| 2 Bedroom | $927 |
| 3 Bedroom | $1,245 |
| 4 Bedroom | $1,511 |
Income Limits - Lake County, SD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,150
- Very Low (50%)
- $28,600
- Low (80%)
- $45,750
- Extremely Low (30%)
- $19,600
- Very Low (50%)
- $32,700
- Low (80%)
- $52,300
- Extremely Low (30%)
- $22,050
- Very Low (50%)
- $36,800
- Low (80%)
- $58,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,850
- Low (80%)
- $65,350
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,150
- Low (80%)
- $70,600
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,400
- Low (80%)
- $75,850
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,700
- Low (80%)
- $81,050
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $53,950
- Low (80%)
- $86,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,150 | $28,600 | $45,750 |
| 2 Persons | $19,600 | $32,700 | $52,300 |
| 3 Persons | $22,050 | $36,800 | $58,850 |
| 4 Persons | $26,500 | $40,850 | $65,350 |
| 5 Persons | $31,040 | $44,150 | $70,600 |
| 6 Persons | $35,580 | $47,400 | $75,850 |
| 7 Persons | $40,120 | $50,700 | $81,050 |
| 8 Persons | $44,660 | $53,950 | $86,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison, SD?+
The Fair Market Rent (FMR) for Lake County, SD is: $628 (Studio), $706 (1BR), $927 (2BR), $1245 (3BR), $1511 (4BR). Actual rent at subsidized properties like Village Green is typically 30% of household income or less.
What size apartments are available at Village Green?+
Village Green offers the following unit types: 31 Two-Bedroom units, for a total of 32 units.
How do I apply for housing at Village Green?+
Village Green 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.
Who manages Village Green?+
Village Green is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Village Green?+
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.
What is the price range for apartments in Madison, SD?+
Based on Fair Market Rent for Lake County, the estimated price range is: 2-bedroom: $927. Actual rent at Village Green may be lower for income-eligible households.
What are the income limits for affordable housing in Lake County, SD?+
For a 4-person household in Lake County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,850, Low Income (80% AMI): $65,350. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
