Madison Palms

Madison Palms Apartments is a community that offers apartment homes for restricted income residents. Applicants combined Household Income cannot exceed to the Maximum Allowable Household Incomes Identified below by Household Size. HOUSEHOLD SIZE: Includes each person who will reside in the home regardless of age. HOUSEHOLD INCOME: All income from any income source, including but not limited to, all wages, social security payments, retirement benefits, military and veterans disability payments, welfare and unemployment benefits and any interest and dividends payments. MAXIMUM ALLOWABLE HOUSEHOLD INCOME: HUD (“US Department of Housing of Urban Development”) publishes annual income limits based on household size that are used to determine the maximum household income. The rent program that your household may be eligible for is based on the income limits noted below.     Maximum Allowable Household Income Household Size 33% Apartments 60% Apartments 100% Apartments 1 $25,113 $45,660 $76,100 2 $28,710 $52,200 $87,000 3 $32,307 $58,740 $97,900 4 $35,871 $65,220 $108,700 5 $38,742 $70,440 $117,400 6 $41,613 $75,660 $126,100 7 $44,484 $80,880 $134,800 *Maximum allowable incomes are subject to change. As part of the application process, you will be asked questions regarding your household composition, income, assets and student status (if all household members are full time students, please contact the leasing office). The below items are required to be completed prior to review and processing of your application. Include an individual email address for each adult household member Upload a valid government issued photo ID for all adult household members Upload proof of income based on income source (example: 8 weeks of paystubs) Payment of application fee and application deposit.