About This Property
Chapel Ridge of Conway is a 116-unit affordable housing community in Conway, AR that includes 96 low-income units. The property offers a mix of studio, one-bedroom, two-bedroom, and three-bedroom floor plans, with the majority consisting of two and three-bedroom units. Placed in service in 2002, the community is financed through tax-exempt bonds and 4% LIHTC credit.
Waitlist Information
Waitlist managed by Housing Authority of the City of Conway
Applicants must be over 18, excluding convicted sex offenders and individuals with methamphetamine-related criminal charges; full-time students without children, disabilities, or veteran status cannot apply. There is a preference for homeless individuals, and Oakwood Place is designed for elderly and disabled individuals.
The waiting list for the Section 8 housing voucher program is currently closed.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Faulkner 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 | $944 |
| 1 Bedroom | $950 |
| 2 Bedroom | $1,089 |
| 3 Bedroom | $1,454 |
| 4 Bedroom | $1,717 |
Income Limits - Faulkner County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,050
- Very Low (50%)
- $25,050
- Low (80%)
- $40,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,600
- Low (80%)
- $45,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,200
- Low (80%)
- $51,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,500
- Low (80%)
- $66,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,350
- Low (80%)
- $70,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,200
- Low (80%)
- $75,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,050 | $25,050 | $40,050 |
| 2 Persons | $17,420 | $28,600 | $45,800 |
| 3 Persons | $21,960 | $32,200 | $51,500 |
| 4 Persons | $26,500 | $35,750 | $57,200 |
| 5 Persons | $31,040 | $38,650 | $61,800 |
| 6 Persons | $35,580 | $41,500 | $66,400 |
| 7 Persons | $40,120 | $44,350 | $70,950 |
| 8 Persons | $44,660 | $47,200 | $75,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Conway, AR?+
The Fair Market Rent (FMR) for Faulkner County, AR is: $944 (Studio), $950 (1BR), $1089 (2BR), $1454 (3BR), $1717 (4BR). Actual rent at subsidized properties like Chapel Ridge of Conway is typically 30% of household income or less.
What size apartments are available at Chapel Ridge of Conway?+
Chapel Ridge of Conway offers the following unit types: 1 Studio, 16 One-Bedroom, 56 Two-Bedroom, 24 Three-Bedroom units, for a total of 116 units.
Who manages Chapel Ridge of Conway?+
Chapel Ridge of Conway is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Chapel Ridge of Conway?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Faulkner County, AR?+
For a 4-person household in Faulkner County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,750, Low Income (80% AMI): $57,200. These limits are set by HUD and updated annually.
What is the price range for apartments in Conway, AR?+
Based on Fair Market Rent for Faulkner County, the estimated price range is: 1-bedroom: $950, 2-bedroom: $1089, 3-bedroom: $1454. Actual rent at Chapel Ridge of Conway may be lower for income-eligible households.
How do I apply for housing at Chapel Ridge of Conway?+
Chapel Ridge of Conway 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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