7 Elm Street Condominiums

MADISON – 2021

2-two-bedroom affordable rental apartments for families.

This development is a two-family affordable home for low-income families.  It has 2 two-bedroom apartments.  It is situated in a residential neighborhood with other multi-family dwellings.

This home has a 30-year deed restriction and offsets the Borough of Madison’s state affordable housing obligation.

Unique Features: The Borough approved the site plan and all the variances needed to maximize the use of a very small lot (40 x 70) to create opportunities for 2 low-income families.  In addition, the Borough waived all municipal fees to control the cost of the development and donated funds for its construction. 00