About This Property
Arbours At Madison contains 72 low-income residential units in Madison, Florida, and has been in service since 2006. The property offers a mix of one-bedroom, two-bedroom, and three-bedroom floor plans to serve families, with 8 one-bedroom units, 32 two-bedroom units, and 32 three-bedroom units. The development receives 9% Low-Income Housing Tax Credit financing.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Madison County, FL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $736 |
| 1 Bedroom | $778 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,156 |
| 4 Bedroom | $1,481 |
Income Limits - Madison County, FL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,400
- Low (80%)
- $31,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,200
- Low (80%)
- $35,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,950
- Low (80%)
- $39,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,700
- Low (80%)
- $44,300
- Extremely Low (30%)
- $29,950
- Very Low (50%)
- $29,950
- Low (80%)
- $47,850
- Extremely Low (30%)
- $32,150
- Very Low (50%)
- $32,150
- Low (80%)
- $51,400
- Extremely Low (30%)
- $34,350
- Very Low (50%)
- $34,350
- Low (80%)
- $54,950
- Extremely Low (30%)
- $36,600
- Very Low (50%)
- $36,600
- Low (80%)
- $58,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,400 | $31,050 |
| 2 Persons | $17,420 | $22,200 | $35,450 |
| 3 Persons | $21,960 | $24,950 | $39,900 |
| 4 Persons | $26,500 | $27,700 | $44,300 |
| 5 Persons | $29,950 | $29,950 | $47,850 |
| 6 Persons | $32,150 | $32,150 | $51,400 |
| 7 Persons | $34,350 | $34,350 | $54,950 |
| 8 Persons | $36,600 | $36,600 | $58,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Madison, FL?+
The Fair Market Rent (FMR) for Madison County, FL is: $736 (Studio), $778 (1BR), $905 (2BR), $1156 (3BR), $1481 (4BR). Actual rent at subsidized properties like Arbours At Madison is typically 30% of household income or less.
What size apartments are available at Arbours At Madison?+
Arbours At Madison offers the following unit types: 8 One-Bedroom, 32 Two-Bedroom, 32 Three-Bedroom units, for a total of 72 units.
What is the price range for apartments in Madison, FL?+
Based on Fair Market Rent for Madison County, the estimated price range is: 1-bedroom: $778, 2-bedroom: $905, 3-bedroom: $1156. Actual rent at Arbours At Madison may be lower for income-eligible households.
Who is eligible to live at Arbours At Madison?+
Arbours At Madison primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Arbours At Madison?+
Arbours At Madison is managed by . You can reach them at . Visit their website for more information.
What is the HUD inspection score for Arbours At Madison?+
Arbours At Madison has a HUD inspection score of 97 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
How do I apply for housing at Arbours At Madison?+
Arbours At Madison 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 are the income limits for affordable housing in Madison County, FL?+
For a 4-person household in Madison County, FL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,700, Low Income (80% AMI): $44,300. These limits are set by HUD and updated annually.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.