About This Property
Homewood Village Senior Citizens offers 45 low-income units in Ash Flat, Arkansas, with a mix of 37 one-bedroom and 8 two-bedroom apartments. The property has been in service since 2013 and is funded through 4% Low-Income Housing Tax Credits. This senior housing community serves Sharp County residents.
Property Details
Fair Market Rent - Sharp 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 | $611 |
| 1 Bedroom | $620 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,000 |
| 4 Bedroom | $1,290 |
Income Limits - Sharp 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 Ash Flat, AR?+
The Fair Market Rent (FMR) for Sharp County, AR is: $611 (Studio), $620 (1BR), $814 (2BR), $1000 (3BR), $1290 (4BR). Actual rent at subsidized properties like Homewood Village Senior Citizens is typically 30% of household income or less.
What size apartments are available at Homewood Village Senior Citizens?+
Homewood Village Senior Citizens offers the following unit types: 37 One-Bedroom, 8 Two-Bedroom units, for a total of 45 units.
What are the income limits for affordable housing in Sharp County, AR?+
For a 4-person household in Sharp 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.
Who manages Homewood Village Senior Citizens?+
Homewood Village Senior Citizens is managed by . You can reach them at .
How do I apply for housing at Homewood Village Senior Citizens?+
Homewood Village Senior Citizens 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 is the price range for apartments in Ash Flat, AR?+
Based on Fair Market Rent for Sharp County, the estimated price range is: 1-bedroom: $620, 2-bedroom: $814. Actual rent at Homewood Village Senior Citizens may be lower for income-eligible households.
Walk Score
Almost All Errands Require a Car
More Affordable Housing Near Homewood Village Senior Citizens
Homewood Village Apartments
Ash Flat, AR
45 UnitsSpring River Apts
Hardy, AR
32 UnitsHorseshoe Bend Apts
Horseshoe Bend, AR
24 UnitsSpring Woods
Hardy, AR
25 UnitsFoxfire Apartments
Ash Flat, AR
21 UnitsRichwood Apartments
Ash Flat, AR
25 Units