Skip to main content
a logo for theeddu apartments with a green background and white
Roll into The Derby
Phone Number +1 608-867-2551

Luxury Affordable Housing

You've likely heard of luxury housing and affordable housing, but have you ever heard of luxury affordable housing?

This initiative combines the best of both worlds: income-restricted, affordable housing with the upscale lifestyle and amenities typically found in non-affordable communities.


What Is Affordable Housing?

Affordable housing is made possible through several federal programs, including:

  • HUD
  • USDA-RD
  • Section 42 of the IRS Tax Credit Code

These programs provide financing and incentives for developers, and sometimes rent assistance or subsidies for residents.

If individuals or families meet the income qualifications for these programs, they may:

  • Qualify for a reduced rental rate
  • Receive assistance toward their monthly payment

Learn more about general affordable housing here.


How Luxury Affordable Housing Fits In

Luxury Affordable Housing offers:

  • The same upscale finishes and amenities as luxury communities
  • Stainless steel appliances
  • Luxury vinyl plank flooring
  • In-home laundry
  • Underground parking
  • Fitness centers, community rooms, and more

Income restrictions usually range from 30% to 80% of the county median income, which includes many vital jobs, such as:

  • School teachers
  • Daycare workers
  • Police officers & firefighters
  • Customer service representatives
  • Restaurant workers

Breaking the Stigma

Affordable housing often carries a negative stereotype, such as:

  • Being located in undesirable neighborhoods
  • Poorly maintained or managed properties

Luxury Affordable Housing challenges these assumptions by providing:

  • High-end accommodations
  • Professional development and management
  • Access to government assistance that helps with rent

Residents enjoy the comfort and quality of luxury housing while benefiting from affordability programs.


Our Commitment

We are proud to make Affordable Housing and Luxury Affordable Housing:

  • Accessible
  • Sustainable
  • High-quality

The Derby is a Luxury Affordable Community, with units available for those earning 30%, 40%, 50%, 60%, 70%, and 80% of the median income.


If you have questions about living at The Derby or want to see if you qualify, reach out to us!