About This Property
Chapel Ridge of Cabot contains 144 units in Cabot, Arkansas, with 128 designated as low-income housing. The property features a mix of studio, one-bedroom, two-bedroom, and three-bedroom units and has been in service since 2003. It is funded through tax-exempt bonds and utilizes 4% LIHTC credits.
Property Details
Fair Market Rent - Lonoke 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 - Lonoke 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 Cabot, AR?+
The Fair Market Rent (FMR) for Lonoke County, AR is: $944 (Studio), $950 (1BR), $1089 (2BR), $1454 (3BR), $1717 (4BR). Actual rent at subsidized properties like Chapel Ridge of Cabot is typically 30% of household income or less.
What size apartments are available at Chapel Ridge of Cabot?+
Chapel Ridge of Cabot offers the following unit types: 1 Studio, 16 One-Bedroom, 72 Two-Bedroom, 40 Three-Bedroom units, for a total of 144 units.
Who manages Chapel Ridge of Cabot?+
Chapel Ridge of Cabot is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Chapel Ridge of Cabot?+
Chapel Ridge of Cabot 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.
What is the price range for apartments in Cabot, AR?+
Based on Fair Market Rent for Lonoke County, the estimated price range is: 1-bedroom: $950, 2-bedroom: $1089, 3-bedroom: $1454. Actual rent at Chapel Ridge of Cabot may be lower for income-eligible households.
What are the income limits for affordable housing in Lonoke County, AR?+
For a 4-person household in Lonoke 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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