About This Property
Broadway Terrace 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 was funded through the HOME program with 4% Low-Income Housing Tax Credits. Sixteen low-income units are available at this Pike County location.
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 |
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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.
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.
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.
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.
Who manages Broadway Terrace (Glenwood)?+
Broadway Terrace (Glenwood) is managed by . You can reach them at .
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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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