About This Property
Broadway Cove Apartments contains 24 one-bedroom units designated for low-income households in Maynard, Arkansas. The property was placed in service in 1994 and utilizes 4% Low-Income Housing Tax Credits to support its affordability. Management and leasing information are available upon request.
Property Details
Fair Market Rent - Randolph 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 | $725 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,147 |
| 4 Bedroom | $1,381 |
Income Limits - Randolph 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 Maynard, AR?+
The Fair Market Rent (FMR) for Randolph County, AR is: $604 (Studio), $725 (1BR), $814 (2BR), $1147 (3BR), $1381 (4BR). Actual rent at subsidized properties like Broadway Cove Apartments is typically 30% of household income or less.
What size apartments are available at Broadway Cove Apartments?+
Broadway Cove Apartments offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
How do I apply for housing at Broadway Cove Apartments?+
Broadway Cove Apartments 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.
Who manages Broadway Cove Apartments?+
Broadway Cove Apartments is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Maynard, AR?+
Based on Fair Market Rent for Randolph County, the estimated price range is: 1-bedroom: $725. Actual rent at Broadway Cove Apartments may be lower for income-eligible households.
What are the income limits for affordable housing in Randolph County, AR?+
For a 4-person household in Randolph 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
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
