About This Property
Park Crest Apts in Sherwood contains 216 low-income units that have been in service since 1999. The community offers a mix of one, two, and three-bedroom floor plans, with 32 one-bedroom, 120 two-bedroom, and 64 three-bedroom units. The property is funded through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Pulaski 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 | $944 |
| 1 Bedroom | $950 |
| 2 Bedroom | $1,089 |
| 3 Bedroom | $1,454 |
| 4 Bedroom | $1,717 |
Income Limits - Pulaski County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,050
- Very Low (50%)
- $25,050
- Low (80%)
- $40,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,600
- Low (80%)
- $45,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,200
- Low (80%)
- $51,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,650
- Low (80%)
- $61,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,500
- Low (80%)
- $66,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,350
- Low (80%)
- $70,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,200
- Low (80%)
- $75,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,050 | $25,050 | $40,050 |
| 2 Persons | $17,420 | $28,600 | $45,800 |
| 3 Persons | $21,960 | $32,200 | $51,500 |
| 4 Persons | $26,500 | $35,750 | $57,200 |
| 5 Persons | $31,040 | $38,650 | $61,800 |
| 6 Persons | $35,580 | $41,500 | $66,400 |
| 7 Persons | $40,120 | $44,350 | $70,950 |
| 8 Persons | $44,660 | $47,200 | $75,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sherwood, AR?+
The Fair Market Rent (FMR) for Pulaski County, AR is: $944 (Studio), $950 (1BR), $1089 (2BR), $1454 (3BR), $1717 (4BR). Actual rent at subsidized properties like Park Crest Apts - Sherwood is typically 30% of household income or less.
What size apartments are available at Park Crest Apts - Sherwood?+
Park Crest Apts - Sherwood offers the following unit types: 32 One-Bedroom, 120 Two-Bedroom, 64 Three-Bedroom units, for a total of 216 units.
What is the price range for apartments in Sherwood, AR?+
Based on Fair Market Rent for Pulaski County, the estimated price range is: 1-bedroom: $950, 2-bedroom: $1089, 3-bedroom: $1454. Actual rent at Park Crest Apts - Sherwood may be lower for income-eligible households.
Who manages Park Crest Apts - Sherwood?+
Park Crest Apts - Sherwood is managed by . You can reach them at .
How do I apply for housing at Park Crest Apts - Sherwood?+
Park Crest Apts - Sherwood 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.
What are the income limits for affordable housing in Pulaski County, AR?+
For a 4-person household in Pulaski County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,750, Low Income (80% AMI): $57,200. These limits are set by HUD and updated annually.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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