About This Property
Buffalo River Villas comprises 12 low-income rental units in Jasper, Arkansas, with a mix of three 2-bedroom and nine 3-bedroom apartments. The property was placed in service in 1996 and is financed through HOME funding with 4% LIHTC credits. The community is managed and available for qualified tenants seeking affordable housing in Newton County.
Property Details
Fair Market Rent - Newton 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 | $725 |
| 2 Bedroom | $814 |
| 3 Bedroom | $984 |
| 4 Bedroom | $1,381 |
Income Limits - Newton 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 Jasper, AR?+
The Fair Market Rent (FMR) for Newton County, AR is: $604 (Studio), $725 (1BR), $814 (2BR), $984 (3BR), $1381 (4BR). Actual rent at subsidized properties like Buffalo River Villas is typically 30% of household income or less.
What size apartments are available at Buffalo River Villas?+
Buffalo River Villas offers the following unit types: 3 Two-Bedroom, 9 Three-Bedroom units, for a total of 12 units.
How do I apply for housing at Buffalo River Villas?+
Buffalo River 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.
Who manages Buffalo River Villas?+
Buffalo River Villas is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Newton County, AR?+
For a 4-person household in Newton 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 Jasper, AR?+
Based on Fair Market Rent for Newton County, the estimated price range is: 2-bedroom: $814, 3-bedroom: $984. Actual rent at Buffalo River Villas may be lower for income-eligible households.