About This Property
Magnolia Lane Apartments is a 20-unit community in DeWitt, AR, with 19 units designated as low-income housing. The property, which has been in service since 2003, includes one studio, ten one-bedroom, and nine two-bedroom units and is financed through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Arkansas County, AR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $581 |
| 1 Bedroom | $652 |
| 2 Bedroom | $857 |
| 3 Bedroom | $1,050 |
| 4 Bedroom | $1,348 |
Income Limits - Arkansas County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,050
- Low (80%)
- $30,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,800
- Low (80%)
- $34,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,500
- Low (80%)
- $39,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,200
- Low (80%)
- $43,500
- Extremely Low (30%)
- $29,400
- Very Low (50%)
- $29,400
- Low (80%)
- $47,000
- Extremely Low (30%)
- $31,600
- Very Low (50%)
- $31,600
- Low (80%)
- $50,500
- Extremely Low (30%)
- $33,750
- Very Low (50%)
- $33,750
- Low (80%)
- $53,950
- Extremely Low (30%)
- $35,950
- Very Low (50%)
- $35,950
- Low (80%)
- $57,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,050 | $30,450 |
| 2 Persons | $17,420 | $21,800 | $34,800 |
| 3 Persons | $21,960 | $24,500 | $39,150 |
| 4 Persons | $26,500 | $27,200 | $43,500 |
| 5 Persons | $29,400 | $29,400 | $47,000 |
| 6 Persons | $31,600 | $31,600 | $50,500 |
| 7 Persons | $33,750 | $33,750 | $53,950 |
| 8 Persons | $35,950 | $35,950 | $57,450 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in De Witt, AR?+
The Fair Market Rent (FMR) for Arkansas County, AR is: $581 (Studio), $652 (1BR), $857 (2BR), $1050 (3BR), $1348 (4BR). Actual rent at subsidized properties like Magnolia Lane Apartments is typically 30% of household income or less.
What size apartments are available at Magnolia Lane Apartments?+
Magnolia Lane Apartments offers the following unit types: 1 Studio, 10 One-Bedroom, 9 Two-Bedroom units, for a total of 20 units.
What is the price range for apartments in De Witt, AR?+
Based on Fair Market Rent for Arkansas County, the estimated price range is: 1-bedroom: $652, 2-bedroom: $857. Actual rent at Magnolia Lane Apartments may be lower for income-eligible households.
How do I apply for housing at Magnolia Lane Apartments?+
Magnolia Lane Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Arkansas County, AR?+
For a 4-person household in Arkansas County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,200, Low Income (80% AMI): $43,500. These limits are set by HUD and updated annually.
Who manages Magnolia Lane Apartments?+
Magnolia Lane Apartments is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
