About This Property
Holly Grove Apts comprises 24 low-income units in Holly Grove, Arkansas, with a mix of one-, two-, and three-bedroom floor plans. The property was placed in service in 2013 and utilizes 4% Low-Income Housing Tax Credits to support affordability. The unit mix includes eight one-bedroom, twelve two-bedroom, and four three-bedroom apartments.
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 |
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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 Holly Grove Apts is typically 30% of household income or less.
What size apartments are available at Holly Grove Apts?+
Holly Grove Apts offers the following unit types: 8 One-Bedroom, 12 Two-Bedroom, 4 Three-Bedroom units, for a total of 24 units.
Who manages Holly Grove Apts?+
Holly Grove Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Holly Grove Apts?+
Holly Grove Apts 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 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 Holly Grove Apts may be lower for income-eligible households.
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
Location
Monroe County, AR
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