About This Property
Broadway Terrace Glenwood comprises 15 units in Glenwood, Arkansas, including one studio, eight one-bedroom, and seven two-bedroom apartments that serve low-income families. The property has been in service since 2002 and receives funding through HOME and 4% LIHTC credits. This development contains 16 low-income units designed to provide affordable rental housing options.
Property Details
Fair Market Rent - Pike 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 | $604 |
| 1 Bedroom | $641 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,063 |
| 4 Bedroom | $1,174 |
Income Limits - Pike 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 Glenwood, AR?+
The Fair Market Rent (FMR) for Pike County, AR is: $604 (Studio), $641 (1BR), $814 (2BR), $1063 (3BR), $1174 (4BR). Actual rent at subsidized properties like Broadway Terrace Glenwood is typically 30% of household income or less.
What size apartments are available at Broadway Terrace Glenwood?+
Broadway Terrace Glenwood offers the following unit types: 1 Studio, 8 One-Bedroom, 7 Two-Bedroom units, for a total of 15 units.
Who is eligible to live at Broadway Terrace Glenwood?+
Broadway Terrace Glenwood primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Pike County, AR?+
For a 4-person household in Pike 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 Broadway Terrace Glenwood?+
Broadway Terrace Glenwood is managed by . You can reach them at .
What is the price range for apartments in Glenwood, AR?+
Based on Fair Market Rent for Pike County, the estimated price range is: 1-bedroom: $641, 2-bedroom: $814. Actual rent at Broadway Terrace Glenwood may be lower for income-eligible households.
How do I apply for housing at Broadway Terrace Glenwood?+
Broadway Terrace Glenwood is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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