About This Property
Calico Terrace comprises 29 affordable rental units in Calico Rock, Arkansas, including twelve 1-bedroom and seventeen 2-bedroom apartments. The property has been in service since 2003 and is funded through 4% Low-Income Housing Tax Credits, with 28 units designated for low-income households.
Property Details
Fair Market Rent - Izard 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 | $683 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,075 |
| 4 Bedroom | $1,148 |
Income Limits - Izard 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Calico Rock, AR?+
The Fair Market Rent (FMR) for Izard County, AR is: $604 (Studio), $683 (1BR), $814 (2BR), $1075 (3BR), $1148 (4BR). Actual rent at subsidized properties like Calico Terrace is typically 30% of household income or less.
What size apartments are available at Calico Terrace?+
Calico Terrace offers the following unit types: 12 One-Bedroom, 17 Two-Bedroom units, for a total of 29 units.
Who manages Calico Terrace?+
Calico Terrace is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Izard County, AR?+
For a 4-person household in Izard 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.
What is the price range for apartments in Calico Rock, AR?+
Based on Fair Market Rent for Izard County, the estimated price range is: 1-bedroom: $683, 2-bedroom: $814. Actual rent at Calico Terrace may be lower for income-eligible households.
How do I apply for housing at Calico Terrace?+
Calico Terrace 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.
Contact Information
Walk Score
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Nearby Schools
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