About This Property
Elaine Housing comprises 24 low-income residential units in Elaine, AR, with a mix of one-, two-, and three-bedroom floor plans. The property was placed in service in 1989 and utilizes 4% Low-Income Housing Tax Credits to support affordability. The community offers 4 one-bedroom units, 16 two-bedroom units, and 4 three-bedroom units.
Property Details
Fair Market Rent - Phillips 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 | $622 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,147 |
| 4 Bedroom | $1,381 |
Income Limits - Phillips 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 Elaine, AR?+
The Fair Market Rent (FMR) for Phillips County, AR is: $604 (Studio), $622 (1BR), $814 (2BR), $1147 (3BR), $1381 (4BR). Actual rent at subsidized properties like Elaine Housing is typically 30% of household income or less.
What size apartments are available at Elaine Housing?+
Elaine Housing offers the following unit types: 4 One-Bedroom, 16 Two-Bedroom, 4 Three-Bedroom units, for a total of 24 units.
Who manages Elaine Housing?+
Elaine Housing is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Phillips County, AR?+
For a 4-person household in Phillips 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 Elaine Housing?+
Elaine Housing 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 is the price range for apartments in Elaine, AR?+
Based on Fair Market Rent for Phillips County, the estimated price range is: 1-bedroom: $622, 2-bedroom: $814, 3-bedroom: $1147. Actual rent at Elaine Housing may be lower for income-eligible households.