About This Property
Chicot Lake Apartments comprises 44 units in Lake Village, Arkansas, with 43 designated as low-income housing. The community includes 33 one-bedroom and 11 two-bedroom units and has been in service since 2004. The property is financed through 4% Low-Income Housing Tax Credits and is professionally managed.
Waitlist Information
Waitlist managed by Lake Village Housing Authority
No definitive current information found regarding the waiting list status.
Preferences include elderly, disabled, working at least 20 hours per week, and residency in Chicot County.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
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 Lake Village, 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 Chicot Lake Apartments is typically 30% of household income or less.
What size apartments are available at Chicot Lake Apartments?+
Chicot Lake Apartments offers the following unit types: 33 One-Bedroom, 11 Two-Bedroom units, for a total of 44 units.
How do I apply for housing at Chicot Lake Apartments?+
Chicot Lake 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.
Who manages Chicot Lake Apartments?+
Chicot Lake Apartments is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Chicot Lake Apartments?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Lake Village, AR?+
Based on Fair Market Rent for Chicot County, the estimated price range is: 1-bedroom: $620, 2-bedroom: $814. Actual rent at Chicot Lake Apartments may be lower for income-eligible households.
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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
