About This Property
Savannah Park of Farmington is a 36-unit affordable housing community in Farmington, AR offering a mix of 28 one-bedroom and 8 two-bedroom units. The property has served low-income residents since 1993 and operates with 4% Low-Income Housing Tax Credit financing. This Washington County development provides rental housing options for households with limited incomes.
Property Details
Fair Market Rent - Washington 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 | $871 |
| 1 Bedroom | $924 |
| 2 Bedroom | $1,121 |
| 3 Bedroom | $1,580 |
| 4 Bedroom | $1,847 |
Income Limits - Washington County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,750
- Very Low (50%)
- $26,250
- Low (80%)
- $41,950
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $30,000
- Low (80%)
- $47,950
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,750
- Low (80%)
- $53,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,450
- Low (80%)
- $64,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,450
- Low (80%)
- $69,500
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,450
- Low (80%)
- $74,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,450
- Low (80%)
- $79,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,750 | $26,250 | $41,950 |
| 2 Persons | $18,000 | $30,000 | $47,950 |
| 3 Persons | $21,960 | $33,750 | $53,950 |
| 4 Persons | $26,500 | $37,450 | $59,900 |
| 5 Persons | $31,040 | $40,450 | $64,700 |
| 6 Persons | $35,580 | $43,450 | $69,500 |
| 7 Persons | $40,120 | $46,450 | $74,300 |
| 8 Persons | $44,660 | $49,450 | $79,100 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Farmington, AR?+
The Fair Market Rent (FMR) for Washington County, AR is: $871 (Studio), $924 (1BR), $1121 (2BR), $1580 (3BR), $1847 (4BR). Actual rent at subsidized properties like Savannah Park of Farmington is typically 30% of household income or less.
What size apartments are available at Savannah Park of Farmington?+
Savannah Park of Farmington offers the following unit types: 28 One-Bedroom, 8 Two-Bedroom units, for a total of 36 units.
How do I apply for housing at Savannah Park of Farmington?+
Savannah Park of Farmington 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 are the income limits for affordable housing in Washington County, AR?+
For a 4-person household in Washington County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,450, Low Income (80% AMI): $59,900. These limits are set by HUD and updated annually.
What is the price range for apartments in Farmington, AR?+
Based on Fair Market Rent for Washington County, the estimated price range is: 1-bedroom: $924, 2-bedroom: $1121. Actual rent at Savannah Park of Farmington may be lower for income-eligible households.
Who manages Savannah Park of Farmington?+
Savannah Park of Farmington is managed by . You can reach them at .
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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