About This Property
Colt Senior Citizen Apartments contains 20 low-income housing units in Colt, AR and has been in service since 2002. The property features 21 one-bedroom units and is financed through 4% Low-Income Housing Tax Credits. The community serves senior citizens in St. Francis County.
Property Details
Fair Market Rent - St. Francis 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 | $618 |
| 1 Bedroom | $660 |
| 2 Bedroom | $833 |
| 3 Bedroom | $1,161 |
| 4 Bedroom | $1,166 |
Income Limits - St. Francis 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 Colt, AR?+
The Fair Market Rent (FMR) for St. Francis County, AR is: $618 (Studio), $660 (1BR), $833 (2BR), $1161 (3BR), $1166 (4BR). Actual rent at subsidized properties like Colt Senior Citizen Apartments is typically 30% of household income or less.
What size apartments are available at Colt Senior Citizen Apartments?+
Colt Senior Citizen Apartments offers the following unit types: 21 One-Bedroom units, for a total of 20 units.
How do I apply for housing at Colt Senior Citizen Apartments?+
Colt Senior Citizen 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 St. Francis County, AR?+
For a 4-person household in St. Francis 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 Colt Senior Citizen Apartments?+
Colt Senior Citizen Apartments is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Colt, AR?+
Based on Fair Market Rent for St. Francis County, the estimated price range is: 1-bedroom: $660. Actual rent at Colt Senior Citizen Apartments may be lower for income-eligible households.
Contact Information
Walk Score
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