About This Property
Parkwood Place contains 24 low-income rental units in Lamar, Arkansas, comprising eighteen 1-bedroom and six 2-bedroom apartments. The property has been in service since 1994 and utilizes 4% Low-Income Housing Tax Credits to support its affordability. Prospective tenants can inquire about availability and lease terms through the property management office.
Property Details
Fair Market Rent - Johnson 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 | $612 |
| 1 Bedroom | $628 |
| 2 Bedroom | $825 |
| 3 Bedroom | $1,050 |
| 4 Bedroom | $1,164 |
Income Limits - Johnson 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 Lamar, AR?+
The Fair Market Rent (FMR) for Johnson County, AR is: $612 (Studio), $628 (1BR), $825 (2BR), $1050 (3BR), $1164 (4BR). Actual rent at subsidized properties like Parkwood Place is typically 30% of household income or less.
What size apartments are available at Parkwood Place?+
Parkwood Place offers the following unit types: 18 One-Bedroom, 6 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Lamar, AR?+
Based on Fair Market Rent for Johnson County, the estimated price range is: 1-bedroom: $628, 2-bedroom: $825. Actual rent at Parkwood Place may be lower for income-eligible households.
What are the income limits for affordable housing in Johnson County, AR?+
For a 4-person household in Johnson 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.
How do I apply for housing at Parkwood Place?+
Parkwood Place 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.
Who manages Parkwood Place?+
Parkwood Place is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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