About This Property
Pennylane Apts comprises 18 low-income rental units in Lavaca, Arkansas, with a unit mix of one 1-bedroom and seventeen 2-bedroom apartments. The property was placed in service in 1990 and is funded through 4% Low-Income Housing Tax Credits. Property management contact information is available upon request.
Property Details
Fair Market Rent - Sebastian 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 | $674 |
| 1 Bedroom | $678 |
| 2 Bedroom | $891 |
| 3 Bedroom | $1,222 |
| 4 Bedroom | $1,437 |
Income Limits - Sebastian County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,050
- Low (80%)
- $30,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,750
- Low (80%)
- $34,800
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,450
- Low (80%)
- $39,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,150
- Low (80%)
- $43,450
- Extremely Low (30%)
- $29,350
- Very Low (50%)
- $29,350
- Low (80%)
- $46,950
- Extremely Low (30%)
- $31,500
- Very Low (50%)
- $31,500
- Low (80%)
- $50,450
- Extremely Low (30%)
- $33,700
- Very Low (50%)
- $33,700
- Low (80%)
- $53,900
- Extremely Low (30%)
- $35,850
- Very Low (50%)
- $35,850
- Low (80%)
- $57,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,050 | $30,450 |
| 2 Persons | $17,420 | $21,750 | $34,800 |
| 3 Persons | $21,960 | $24,450 | $39,150 |
| 4 Persons | $26,500 | $27,150 | $43,450 |
| 5 Persons | $29,350 | $29,350 | $46,950 |
| 6 Persons | $31,500 | $31,500 | $50,450 |
| 7 Persons | $33,700 | $33,700 | $53,900 |
| 8 Persons | $35,850 | $35,850 | $57,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lavaca, AR?+
The Fair Market Rent (FMR) for Sebastian County, AR is: $674 (Studio), $678 (1BR), $891 (2BR), $1222 (3BR), $1437 (4BR). Actual rent at subsidized properties like Pennylane Apts is typically 30% of household income or less.
What size apartments are available at Pennylane Apts?+
Pennylane Apts offers the following unit types: 1 One-Bedroom, 17 Two-Bedroom units, for a total of 18 units.
How do I apply for housing at Pennylane Apts?+
Pennylane Apts 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.
What are the income limits for affordable housing in Sebastian County, AR?+
For a 4-person household in Sebastian County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,150, Low Income (80% AMI): $43,450. These limits are set by HUD and updated annually.
Who manages Pennylane Apts?+
Pennylane Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lavaca, AR?+
Based on Fair Market Rent for Sebastian County, the estimated price range is: 1-bedroom: $678, 2-bedroom: $891. Actual rent at Pennylane Apts may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Pennylane Apts
Savannah Park of Charleston
Charleston, AR
20 UnitsSavannah Park of Charleston Ii Wingate
Charleston, AR
32 UnitsBarling Place
Barling, AR
48 UnitsGarden Walk of Alma Fka Ashwood Place
Alma, AR
26 Units
Housing Authority of the City of Alma
Alma, AR
92 UnitsGarden Walk
Van Buren, AR
29 Units