| AMI* | 1 person | 2 person | 3 person | 4 person | 5 person | 6 person | 7 person | 8 person |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $19,650 / year | $22,450 / year | $25,250 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $32,750 / year | $37,400 / year | $42,100 / year | $46,750 / year | $50,500 / year | $54,250 / year | $58,000 / year | $61,750 / year |
| 50% AMI for PBRA Units | $32,750 / year | $37,400 / year | $42,100 / year | $46,750 / year | $50,500 / year | $54,250 / year | $58,000 / year | $61,750 / year |
| 60% AMI for LIHTC Units | $39,300 / year | $44,880 / year | $50,520 / year | $56,100 / year | $60,600 / year | $65,100 / year | $69,600 / year | $74,100 / year |
| 80% AMI for PBRA Units | $52,400 / year | $59,850 / year | $67,350 / year | $74,800 / year | $80,800 / year | $86,800 / year | $92,800 / year | $98,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Phases I & II of Madison Heights are a two-phased redevelopment on one site. The projects are the first Rental Assistance Demonstration (RAD) program transaction to take place in Arizona. Madison Heights Phases I & II will include both demolition and new construction of blighted public housing.
Currently, 77 units sit on the site. After the redevelopment, those 77 units will be replaced in Phase I. Of the 77 units, there are 19 one bedroom, 26 two bedroom, 30 three bedroom and 2 four bedroom. 30 will be set-aside as permanent supportive housing and 24 units set aside for households with children. The set-aside for the units will be 30 units at 30%, 32 units at 50% and 15 units at 60% AMI.
Madison Heights Phase II will create an additional 66 units to the site, with 20 units set aside for households with children, 13 one bedroom, 21 two bedroom, 30 three bedroom and 2 four bedroom. The set-aside for the units will be 24 units at 40%, 30 units at 50% and 12 units at 60%.
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