About This Property
Cypress Grove Homes of McGehee contains 36 low-income rental units in McGehee, Arkansas. The property features 33 three-bedroom units and 3 four-bedroom units, and has been in service since 2015. The development utilizes 4% Low Income Housing Tax Credits.
Property Details
Fair Market Rent - Desha 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 | $630 |
| 1 Bedroom | $634 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,121 |
| 4 Bedroom | $1,381 |
Income Limits - Desha 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 Mc Gehee, AR?+
The Fair Market Rent (FMR) for Desha County, AR is: $630 (Studio), $634 (1BR), $814 (2BR), $1121 (3BR), $1381 (4BR). Actual rent at subsidized properties like Cypress Grove Homes of Mcgehee is typically 30% of household income or less.
What size apartments are available at Cypress Grove Homes of Mcgehee?+
Cypress Grove Homes of Mcgehee offers the following unit types: 33 Three-Bedroom, 3 Four-Bedroom units, for a total of 36 units.
Who manages Cypress Grove Homes of Mcgehee?+
Cypress Grove Homes of Mcgehee is managed by . You can reach them at .
How do I apply for housing at Cypress Grove Homes of Mcgehee?+
Cypress Grove Homes of Mcgehee is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Desha County, AR?+
For a 4-person household in Desha 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 Mc Gehee, AR?+
Based on Fair Market Rent for Desha County, the estimated price range is: 3-bedroom: $1121. Actual rent at Cypress Grove Homes of Mcgehee may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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