About This Property
Peaks At Hope is a 48-unit affordable housing community in Hope, AR that has been in service since 2012. The property includes 47 low-income units with a mix of studio, one-bedroom, two-bedroom, and three-bedroom floor plans. The development utilizes 9% Low-Income Housing Tax Credits to support its affordability.
Waitlist Information
Waitlist managed by Hope Housing Authority
Public housing is limited to low-income families and individuals. Eligibility is based on annual gross income, household size, disability, and elderly status, if any, and U.S. citizenship or eligible immigration status.
The Housing Choice Voucher (HCV) Program is a federally funded and income-based program. Voucher recipients generally pay between 30 and 40 percent of their adjusted monthly gross income in rent.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Hempstead 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 | $643 |
| 1 Bedroom | $660 |
| 2 Bedroom | $867 |
| 3 Bedroom | $1,149 |
| 4 Bedroom | $1,406 |
Income Limits - Hempstead 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 Hope, AR?+
The Fair Market Rent (FMR) for Hempstead County, AR is: $643 (Studio), $660 (1BR), $867 (2BR), $1149 (3BR), $1406 (4BR). Actual rent at subsidized properties like Peaks At Hope is typically 30% of household income or less.
What size apartments are available at Peaks At Hope?+
Peaks At Hope offers the following unit types: 1 Studio, 6 One-Bedroom, 17 Two-Bedroom, 24 Three-Bedroom units, for a total of 48 units.
What is the price range for apartments in Hope, AR?+
Based on Fair Market Rent for Hempstead County, the estimated price range is: 1-bedroom: $660, 2-bedroom: $867, 3-bedroom: $1149. Actual rent at Peaks At Hope may be lower for income-eligible households.
What are the income limits for affordable housing in Hempstead County, AR?+
For a 4-person household in Hempstead 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.
Who manages Peaks At Hope?+
Peaks At Hope is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Peaks At Hope?+
Public Housing waitlist is currently Open. 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.
How do I apply for housing at Peaks At Hope?+
Peaks At Hope 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
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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