Income-restricted apartments are not voucher-based. Rent is capped according to household income and size, as established by HUD for Dane County. Residents apply directly through our leasing team—no third-party voucher is required.
Income-Restricted Apartments at Novation
Discover modern, income-restricted senior apartments in Madison designed to make quality 55+ living more accessible. At Novation Senior Commons, residents enjoy thoughtfully designed layouts, cozy, yet upscale finishes, and welcoming community amenities—with rental rates based on household income and size, as determined by HUD guidelines for Dane County.
Income-restricted apartments at Novation Senior Commons provide an opportunity to enjoy comfort, stability, and affordability without compromise.
Income Limits Effective 4/1/2025 — Dane County
Income Limit % |
1 Person |
2 Persons |
3 Persons |
4 Persons |
5 Persons |
|---|---|---|---|---|---|
50% |
$45,450.00 |
$51,950.00 |
$58,450.00 |
$64,900.00 |
$70,100.00 |
60% |
$54,540.00 |
$62,340.00 |
$70,140.00 |
$77,880.00 |
$84,120.00 |
Understanding Income-Restricted Housing
Maximum income is determined by household size and is based on gross annual (pre-tax) income. Moderate-income and student status restrictions apply. Units cannot be entirely occupied by full-time students. Some exemptions apply – contact us for details. (Pricing, inclusions, and eligibility subject to change.)
Frequently Asked Questions
Do I need a voucher to qualify for an income-restricted unit?
No. A voucher is not required. Eligibility is based on your household size and gross annual income compared to HUD’s income limits for Dane County.
What documents will I need to verify eligibility?
You’ll typically be asked to provide proof of income for all adult household members, such as recent pay stubs, tax returns, Social Security or pension award letters, and statements for any other recurring income. Our leasing team will provide a full list based on your situation.
What is the housing tax credit program?
The housing tax credit program (often referred to as Section 42) encourages the development of affordable housing by providing tax credits to property owners. In return, qualifying residents can access apartments at reduced rental rates, based on income limits set by HUD.
How do I qualify?
To qualify, your household’s gross annual income must fall at or below the income limits for the applicable percentage (for example, 50% or 60% of area median income) and household size. Additional program rules—such as student status restrictions—also apply.
What is the application process like?
You’ll complete an application, provide required income and household documentation, and then your information will be reviewed for eligibility. Our team will keep you updated on your status and next steps.
Is this an annual process?
Yes. Income-restricted households typically go through an annual recertification process to confirm that they remain eligible under HUD guidelines.
What is included when calculating income?
Income calculations generally include wages, overtime, bonuses, Social Security, pensions, retirement distributions, self-employment income, and certain recurring benefits. Our team can clarify what will be counted for your specific household.
Contact Our Leasing Team Today
Our team is here to guide you through the income-restricted housing process, answer your questions, and help you get started.