About This Property
Richwood Apartments comprises 25 low-income units in Ash Flat, AR, with a unit mix of 4 studios, 2 one-bedroom, 14 two-bedroom, 8 three-bedroom, and 1 four-bedroom apartments. The property was placed in service in 2006 and serves Sharp County.
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 Richwood Apartments is typically 30% of household income or less.
What size apartments are available at Richwood Apartments?+
Richwood Apartments offers the following unit types: 4 Studio, 2 One-Bedroom, 14 Two-Bedroom, 8 Three-Bedroom, 1 Four-Bedroom units, for a total of 25 units.
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, 3-bedroom: $1000. Actual rent at Richwood Apartments may be lower for income-eligible households.
Who manages Richwood Apartments?+
Richwood Apartments is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Richwood Apartments?+
Richwood 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.
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.
Walk Score
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