About This Property
Cottonwood Apartments - Holly Grove consists of 24 low-income rental units in Holly Grove, Arkansas, with a mix of one-, two-, and three-bedroom floor plans. The property has been in service since 1997 and is funded through tax-exempt bonds with 4% Low-Income Housing Tax Credit financing. The community contains 4 one-bedroom units, 18 two-bedroom units, and 2 three-bedroom units.
Property Details
Fair Market Rent - Monroe 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 | $552 |
| 1 Bedroom | $620 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,011 |
| 4 Bedroom | $1,148 |
Income Limits - Monroe 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 Holly Grove, AR?+
The Fair Market Rent (FMR) for Monroe County, AR is: $552 (Studio), $620 (1BR), $814 (2BR), $1011 (3BR), $1148 (4BR). Actual rent at subsidized properties like Cottonwood Apartments - Holly Grove is typically 30% of household income or less.
What size apartments are available at Cottonwood Apartments - Holly Grove?+
Cottonwood Apartments - Holly Grove offers the following unit types: 4 One-Bedroom, 18 Two-Bedroom, 2 Three-Bedroom units, for a total of 24 units.
What is the price range for apartments in Holly Grove, AR?+
Based on Fair Market Rent for Monroe County, the estimated price range is: 1-bedroom: $620, 2-bedroom: $814, 3-bedroom: $1011. Actual rent at Cottonwood Apartments - Holly Grove may be lower for income-eligible households.
Who manages Cottonwood Apartments - Holly Grove?+
Cottonwood Apartments - Holly Grove is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cottonwood Apartments - Holly Grove?+
Cottonwood Apartments - Holly Grove 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 are the income limits for affordable housing in Monroe County, AR?+
For a 4-person household in Monroe 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
Walk Score
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