Name: 2232 W Broadway Apt 201, Monona, WI 53713
Brand: Stone House Development
SKU: 587354
Price: 1225 USD
Availability: OutOfStock

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Stone House Development, Inc. is a leading developer of multi-family properties using Section 42 and Historic Tax Credits.
As developer and property manager, Stone House is responsible for securing all necessary project financing, including equity; supervising the project’s design, construction, and marketing; and providing long term management of the project. Stone House Development, Inc. is committed to providing quality management for high-quality apartment and condominium communities. Stone House employs a team of qualified individuals to ensure our ability to maintain high standards for building management, maintenance and resident services.

Stone House Development is currently the property manager and Section 42 compliance specialist for 20 apartment projects located in Wisconsin. Of the 20 properties, 7 are historic renovations containing mixed income housing. The other properties are new construction either 100% affordable or mixed properties. The Stone House team also performs management and accounting services for other property owners.

Located on Madison’s Southside, The Royal offers residents easy access to daily conveniences such as local restaurants, shops, parks, the Beltline Highway, and the shores of Lake Monona.

AFFORDABLE RENT PROGRAM

The Royal offers reduced rent amounts as part of an Affordable Rent Program.
Affordable rent apartments are subject to moderate income and student status restrictions. Households must meet program eligibility requirements.

50% Income Limit
1 Person - less than $44,100
2 People - less than $50,400
3 People - less than $56,700
4 People - less than $62,950
5 People - less than $68,000
6 People - less than $73,050

60% Income Limit
1 Person - less than $52,920
2 People - less than $60,480
3 People - less than $68,040
4 People - less than $75,540

80% Income Limit
1 Person - less than $68,500
2 People - less than $78,250
3 People - less than $88,050
4 People - less than $97,800

Maximum income is based on household size. Moderate income and student status restrictions apply. Unit cannot be entirely occupied by full-time students. Some exemptions apply - contact us for details. Select apartments at The Royal are set aside specifically for households where at least one member is a military veteran and/or has a permanent disability. (Pricing, inclusions, and eligibility subject to change)

2 Bedroom Income Restricted - Moderate income and student status restrictions apply
Maximum income based on household size:
1 person less than $42,180
2 people less than $48,240
3 people less than $54,240
4 people less than $60,240
Unit cannot be entirely occupied by full time students.
Some exemptions apply - contact us for details.
(Pricing, inclusions and eligibility subject to change)

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