Affordable Housing Hub
Low Income (LIHTC)Waitlist Closed

Stone Ridge At Conway Phase I

1985 Rich Smith Ln, Conway, AR, 72032

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

Stone Ridge At Conway Phase I comprises 48 low-income residential units in Conway, Arkansas and has served families since 2009. The property offers a mix of one, two, and three-bedroom floor plans, with 24 three-bedroom, 18 two-bedroom, and 6 one-bedroom units available. Financing includes HOME funding and 9% Low-Income Housing Tax Credits.

Waitlist Information

Waitlist managed by Housing Authority of the City of Conway

Public Housing Waitlist
Closed

Preferences exist for disabled, elderly, families, and homeless individuals. Exclusions apply to convicted sex offenders, individuals with methamphetamine-related criminal charges, and full-time students with no children who are not disabled or veterans.

Last verified February 16, 2026
Section 8 (HCV) Waitlist
Closed

The program administers traditional, Mainstream, VASH, and EHV vouchers.

Last verified February 6, 2026

Waitlist data provided by section8waitlist.org

Updated May 8, 2026

Property Details

Total Units
48
1 Bedroom
6
2 Bedroom
18
3 Bedroom
24

Fair Market Rent - Faulkner County, AR

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

BedroomsFMR
Studio/Efficiency$944
1 Bedroom$950
2 Bedroom$1,089
3 Bedroom$1,454
4 Bedroom$1,717

Income Limits - Faulkner County, AR

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person
Extremely Low (30%)
$15,050
Very Low (50%)
$25,050
Low (80%)
$40,050
2 Persons
Extremely Low (30%)
$17,420
Very Low (50%)
$28,600
Low (80%)
$45,800
3 Persons
Extremely Low (30%)
$21,960
Very Low (50%)
$32,200
Low (80%)
$51,500
4 Persons
Extremely Low (30%)
$26,500
Very Low (50%)
$35,750
Low (80%)
$57,200
5 Persons
Extremely Low (30%)
$31,040
Very Low (50%)
$38,650
Low (80%)
$61,800
6 Persons
Extremely Low (30%)
$35,580
Very Low (50%)
$41,500
Low (80%)
$66,400
7 Persons
Extremely Low (30%)
$40,120
Very Low (50%)
$44,350
Low (80%)
$70,950
8 Persons
Extremely Low (30%)
$44,660
Very Low (50%)
$47,200
Low (80%)
$75,550

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Tax Credit Program Details

Year Placed in Service
2009
LIHTC Credit Type
9%
Low-Income Units
48 / 48
Target Population
Families
Funding Programs
HOMERental Assistance
Designations
Qualified Census Tract

Frequently Asked Questions

What is the average rent for affordable housing in Conway, AR?+

The Fair Market Rent (FMR) for Faulkner County, AR is: $944 (Studio), $950 (1BR), $1089 (2BR), $1454 (3BR), $1717 (4BR). Actual rent at subsidized properties like Stone Ridge At Conway Phase I is typically 30% of household income or less.

What size apartments are available at Stone Ridge At Conway Phase I?+

Stone Ridge At Conway Phase I offers the following unit types: 6 One-Bedroom, 18 Two-Bedroom, 24 Three-Bedroom units, for a total of 48 units.

Who manages Stone Ridge At Conway Phase I?+

Stone Ridge At Conway Phase I is managed by . You can reach them at . Visit their website for more information.

Who is eligible to live at Stone Ridge At Conway Phase I?+

Stone Ridge At Conway Phase I primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.

How do I apply for housing at Stone Ridge At Conway Phase I?+

Stone Ridge At Conway Phase I 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 Faulkner County, AR?+

For a 4-person household in Faulkner County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $35,750, Low Income (80% AMI): $57,200. These limits are set by HUD and updated annually.

Is there a waitlist for Stone Ridge At Conway Phase I?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

What is the price range for apartments in Conway, AR?+

Based on Fair Market Rent for Faulkner County, the estimated price range is: 1-bedroom: $950, 2-bedroom: $1089, 3-bedroom: $1454. Actual rent at Stone Ridge At Conway Phase I may be lower for income-eligible households.

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Walk Score

Car-Dependent

28
Walk
32
Bike

Nearby Schools

Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.

Location

Faulkner County, AR

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