About This Property
Osage Terrace II comprises 45 low-income rental units in Bentonville, Arkansas, with a mix of 34 studio and 11 one-bedroom apartments. The property has been in service since 2002 and operates under 9% Low-Income Housing Tax Credit (LIHTC) funding.
Property Details
Fair Market Rent - Benton 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 | $871 |
| 1 Bedroom | $924 |
| 2 Bedroom | $1,121 |
| 3 Bedroom | $1,580 |
| 4 Bedroom | $1,847 |
Income Limits - Benton County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,750
- Very Low (50%)
- $26,250
- Low (80%)
- $41,950
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $30,000
- Low (80%)
- $47,950
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,750
- Low (80%)
- $53,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,450
- Low (80%)
- $64,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,450
- Low (80%)
- $69,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,450
- Low (80%)
- $74,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,450
- Low (80%)
- $79,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,750 | $26,250 | $41,950 |
| 2 Persons | $18,000 | $30,000 | $47,950 |
| 3 Persons | $21,960 | $33,750 | $53,950 |
| 4 Persons | $26,500 | $37,450 | $59,900 |
| 5 Persons | $31,040 | $40,450 | $64,700 |
| 6 Persons | $35,580 | $43,450 | $69,500 |
| 7 Persons | $40,120 | $46,450 | $74,300 |
| 8 Persons | $44,660 | $49,450 | $79,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Bentonville, AR?+
The Fair Market Rent (FMR) for Benton County, AR is: $871 (Studio), $924 (1BR), $1121 (2BR), $1580 (3BR), $1847 (4BR). Actual rent at subsidized properties like Osage Terrace Ii Fka Gardens At Osage Terrace is typically 30% of household income or less.
What size apartments are available at Osage Terrace Ii Fka Gardens At Osage Terrace?+
Osage Terrace Ii Fka Gardens At Osage Terrace offers the following unit types: 34 Studio, 11 One-Bedroom units, for a total of 45 units.
How do I apply for housing at Osage Terrace Ii Fka Gardens At Osage Terrace?+
Osage Terrace Ii Fka Gardens At Osage Terrace 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.
Who manages Osage Terrace Ii Fka Gardens At Osage Terrace?+
Osage Terrace Ii Fka Gardens At Osage Terrace is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Benton County, AR?+
For a 4-person household in Benton County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,450, Low Income (80% AMI): $59,900. These limits are set by HUD and updated annually.
What is the price range for apartments in Bentonville, AR?+
Based on Fair Market Rent for Benton County, the estimated price range is: 1-bedroom: $924. Actual rent at Osage Terrace Ii Fka Gardens At Osage Terrace may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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