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General IZ Info
Definition and Overview
Policies and Protocols

Madison's IZ Ordinance

Ordinance Evaluation
Study 
Maximum IZ Sales Prices

Mortgage
Calculator
(Price Points for IZ Units by Bedroom Size)

Maximum IZ Rents

Income Limits
Homebuyer Links
Frequently Asked Questions
IZ Homebuyers'
Guide

IZ Unit Purchase
Income Qualification Form

IZ Income Certification Form
City Option to Purchase

Buyer
Promissory Note 
Buyer
Mortgage Form 
Available IZ Units
Rental Links
Frequently Asked Questions
Available IZ Units
Owner/Developer Links
Inclusionary Dwelling Unit
Plan Application

Owner/ Developer IZ Process Checklist

Non-Profit
Certification Form 
IZ Unit Sale
Notification Form for CD Office 
IZ Marketing Notice
Letter Format 
Sample Legal Documents
Rental Utility Allowances

IZ Unit Purchase
Income Qualification Form 
IZ Income Certification Form
Developer
Certification of IZ Unit Buyer Income

Documentation Checklist

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Available IZ Units
In order to purchase or rent an IZ unit,
your annual gross household income must be at or below a predetermined
level.
- All IZ units for purchase must
initially be marketed to households with less than 80% of Area
Median Income (AMI). Some units must be marketed to households with
lower AMI levels. The income level for each available unit is specified in
the table below.
- All IZ rental units must be rented to
households with less than 60% of Area
Median Income (AMI). Some units must be rented to households with lower
AMI levels. The income level for each available unit is specified in the
table below.
"For
Sale" list : printer-friendly version
FOR SALE
Below is a list of affordable units in projects
approved by the Common Council and where the developer has signed either an
Inclusionary Zoning Land Use Restriction Agreement or a financing agreement with
the City of Madison.
For additional details
about any of these units, please contact the designated individual or agency
contact directly. The City does not have further information regarding these
units.
| LOCATION |
INCOME |
#
UNITS |
UNIT
TYPE |
BDRMS |
PRICE |
PROJECT
NAME |
CONTACT |
East Side
Buckeye Road |
70% and
80% |
5 |
SF |
3BR |
$146,860 to
$169,062 |
Buckeye
Meadows |
Fred Miller Construction |
Downtown
625 East Mifflin Street |
70% and
80% |
5 |
MFC |
1BR,
2BR |
|
The
Colony |
Mike Fisher,
Great Dane Development
(608) 836-1152 |
Downtown
409 West Washington Avenue |
80% |
14 |
MFC |
1BR,
2BR,
3BR |
$114,053
and up |
Capital
West |
Lois Johnson,
Alexander Company
(608) 268-8132 |
Southwest Side
Cross Country Road and
Stonebridge |
80% |
3 |
SF |
3BR |
$176,262 |
Heather
Glen |
Veridian Homes
(608) 226-3100 |
West Side
Mayo Drive |
80% |
7 |
MFC |
2BR |
$156,977 |
Promontory |
Tien Troung,
Remax Preferred
(608) 310-4825 |
Far West Side
South Point Road |
70% and
80% |
|
SF |
3BR,
4BR |
|
Cardinal
Glen |
Veridian Homes
(608) 226-3100 |
Far West Side
South Point Road |
70% and
80% |
2 |
MFC |
2BR |
|
Cardinal
Glen Townhomes |
Veridian Homes
(608) 226-3100 |
- LOCATION:
General area of the city (side of town), along with nearby streets or
address, if known.
- INCOME:
Target income level, stated as a percentage of Area Median Income (AMI). Refer
to this income limits table for your family size and allowable
income level.
- # UNITS:
Total number of IZ units originally available. This
may not be the number of units available at the time you contact the
owner/developer, as some units may have been sold. We will
continue to list all the units until all have been sold, or until the IZ
marketing period ends.
- UNIT TYPE:
MFC (multi-family condominium), SF (single-family on
individual lot), or C (other type of condominium unit).
- BDRMS:
Number of bedrooms per unit.
- BEGAN:
Date marketing period began for these units.
- PRICE:
Sales price (or range) for these units.
Again, for additional details about any of
these units, please contact the designated individual or agency contact
directly. The City does not have further information regarding these units.
"For
Sale" list : printer-friendly version
"For
Rent" list : printer-friendly version
FOR RENT
No identified IZ rental units are currently
available.
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