About This Property
Eudora Villas is a 33-unit affordable housing community in Eudora, Arkansas, offering 32 low-income units with a mix of one-, two-, and three-bedroom floor plans. The property includes six one-bedroom units, 23 two-bedroom units, and four three-bedroom units. Eudora Villas operates under 4% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Chicot 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 | $604 |
| 1 Bedroom | $620 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,089 |
| 4 Bedroom | $1,376 |
Income Limits - Chicot 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Eudora, AR?+
The Fair Market Rent (FMR) for Chicot County, AR is: $604 (Studio), $620 (1BR), $814 (2BR), $1089 (3BR), $1376 (4BR). Actual rent at subsidized properties like Eudora Villas is typically 30% of household income or less.
What size apartments are available at Eudora Villas?+
Eudora Villas offers the following unit types: 6 One-Bedroom, 23 Two-Bedroom, 4 Three-Bedroom units, for a total of 33 units.
How do I apply for housing at Eudora Villas?+
Eudora 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.
Who manages Eudora Villas?+
Eudora Villas is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Chicot County, AR?+
For a 4-person household in Chicot 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.
What is the price range for apartments in Eudora, AR?+
Based on Fair Market Rent for Chicot County, the estimated price range is: 1-bedroom: $620, 2-bedroom: $814, 3-bedroom: $1089. Actual rent at Eudora Villas may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.