Income-Restricted Apartments in Madison

Sometimes. Income-restricted programs include student status restrictions, and a home generally cannot be entirely occupied by full-time students. If at least one adult household member is not a full-time student, the household may still be eligible—income limits and verification still apply.

Example:
Two roommates are both full-time students → not eligible under the “entirely occupied” student restriction.
One roommate is a full-time student and the other works full-time (not a full-time student) → may be eligible, depending on income and other program rules.

Household members are the people who will live in the apartment as their primary residence. Household size is based on everyone who will occupy the home (parents, children, roommates, etc.)—not guests or temporary visitors.

No. Residents at The Flats at 402 enjoy the same apartment features and community amenities as all other residents.

Your gross household income must be at or below the limit for your household size (see table). Additional program rules apply (including student status). Our team will confirm eligibility.

Most recurring sources, including wages/salaries, Social Security, pensions, disability, and certain benefits. We’ll provide a clear checklist during the application.

No. No voucher is required. Residents apply directly through our leasing office; eligibility is based on HUD limits for Dane County rather than a third-party subsidy.

Income-restricted (often LIHTC) homes cap rent using HUD income limits based on household size and gross annual income. This keeps monthly rent aligned with local affordability guidelines.

HUD updates limits annually. We use the most current figures for Dane County during verification and each annual recertification.

LIHTC supports the creation and preservation of quality, affordable housing. Communities like The Flats at 402 cap rents using HUD limits, allowing eligible residents to live well within their budget.

Simple: inquire → submit documents → verification → approval and lease signing. Our team walks you through every step.