About This Property
Norfork Villas comprises 24 three-bedroom units designated for low-income households in Norfork, Arkansas. The property was placed in service in 2003 and receives 9% Low-Income Housing Tax Credit funding. Management and contact information are available upon request.
Property Details
Fair Market Rent - Baxter 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 | $674 |
| 1 Bedroom | $678 |
| 2 Bedroom | $891 |
| 3 Bedroom | $1,119 |
| 4 Bedroom | $1,257 |
Income Limits - Baxter County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,950
- Low (80%)
- $30,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,650
- Low (80%)
- $34,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,350
- Low (80%)
- $39,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,050
- Low (80%)
- $43,300
- Extremely Low (30%)
- $29,250
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,400
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $33,550
- Very Low (50%)
- $33,550
- Low (80%)
- $53,700
- Extremely Low (30%)
- $35,750
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,950 | $30,350 |
| 2 Persons | $17,420 | $21,650 | $34,650 |
| 3 Persons | $21,960 | $24,350 | $39,000 |
| 4 Persons | $26,500 | $27,050 | $43,300 |
| 5 Persons | $29,250 | $29,250 | $46,800 |
| 6 Persons | $31,400 | $31,400 | $50,250 |
| 7 Persons | $33,550 | $33,550 | $53,700 |
| 8 Persons | $35,750 | $35,750 | $57,200 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Norfork, AR?+
The Fair Market Rent (FMR) for Baxter County, AR is: $674 (Studio), $678 (1BR), $891 (2BR), $1119 (3BR), $1257 (4BR). Actual rent at subsidized properties like Norfork Villas is typically 30% of household income or less.
What size apartments are available at Norfork Villas?+
Norfork Villas offers the following unit types: 24 Three-Bedroom units, for a total of 24 units.
Who manages Norfork Villas?+
Norfork Villas is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Norfork, AR?+
Based on Fair Market Rent for Baxter County, the estimated price range is: 3-bedroom: $1119. Actual rent at Norfork Villas may be lower for income-eligible households.
What are the income limits for affordable housing in Baxter County, AR?+
For a 4-person household in Baxter County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,050, Low Income (80% AMI): $43,300. These limits are set by HUD and updated annually.
How do I apply for housing at Norfork Villas?+
Norfork Villas 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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