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 |
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 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 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 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.
Who manages Broadway Terrace (Glenwood)?+
Broadway Terrace (Glenwood) is managed by . You can reach them at .
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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