About This Property
Reed Terrace offers 12 low-income rental units in Tillar, Arkansas, comprising four one-bedroom, six two-bedroom, and two three-bedroom apartments. The property has been in service since 1996 and receives 4% Low-Income Housing Tax Credit financing. Interested applicants can contact the property management for eligibility requirements and availability.
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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Tillar, 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 Reed Terrace is typically 30% of household income or less.
What size apartments are available at Reed Terrace?+
Reed Terrace offers the following unit types: 4 One-Bedroom, 6 Two-Bedroom, 2 Three-Bedroom units, for a total of 12 units.
What is the price range for apartments in Tillar, AR?+
Based on Fair Market Rent for Desha County, the estimated price range is: 1-bedroom: $634, 2-bedroom: $814, 3-bedroom: $1121. Actual rent at Reed Terrace may be lower for income-eligible households.
How do I apply for housing at Reed Terrace?+
Reed 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 Reed Terrace?+
Reed Terrace is managed by . You can reach them at . Visit their website for more information.
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.
Contact Information
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