About This Property
Mountain View Villas comprises 26 low-income residential units in Mountain View, Arkansas, with a unit mix of six 1-bedroom and twenty 2-bedroom apartments. The property was placed in service in 1989 and operates under 4% Low-Income Housing Tax Credit financing. The community is managed to provide affordable housing options for qualifying residents.
Property Details
Fair Market Rent - Stone 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 | $620 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,147 |
| 4 Bedroom | $1,148 |
Income Limits - Stone 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 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mountain View, AR?+
The Fair Market Rent (FMR) for Stone County, AR is: $604 (Studio), $620 (1BR), $814 (2BR), $1147 (3BR), $1148 (4BR). Actual rent at subsidized properties like Mountain View Villas is typically 30% of household income or less.
What size apartments are available at Mountain View Villas?+
Mountain View Villas offers the following unit types: 6 One-Bedroom, 20 Two-Bedroom units, for a total of 26 units.
How do I apply for housing at Mountain View Villas?+
Mountain View Villas 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 is the price range for apartments in Mountain View, AR?+
Based on Fair Market Rent for Stone County, the estimated price range is: 1-bedroom: $620, 2-bedroom: $814. Actual rent at Mountain View Villas may be lower for income-eligible households.
What are the income limits for affordable housing in Stone County, AR?+
For a 4-person household in Stone 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 Mountain View Villas?+
Mountain View Villas is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.