About This Property
Briarwood Apts II comprises 25 units in Marshall, Arkansas, with 24 designated as low-income housing. The property features 19 one-bedroom units, 5 two-bedroom units, and 1 three-bedroom unit, and has been in service since 1989. The development utilizes 4% Low-Income Housing Tax Credits for financing.
Property Details
Fair Market Rent - Searcy 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 | $620 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,042 |
| 4 Bedroom | $1,148 |
Income Limits - Searcy 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 Marshall, AR?+
The Fair Market Rent (FMR) for Searcy County, AR is: $604 (Studio), $620 (1BR), $814 (2BR), $1042 (3BR), $1148 (4BR). Actual rent at subsidized properties like Briarwood Apts Ii is typically 30% of household income or less.
What size apartments are available at Briarwood Apts Ii?+
Briarwood Apts Ii offers the following unit types: 19 One-Bedroom, 5 Two-Bedroom, 1 Three-Bedroom units, for a total of 25 units.
What are the income limits for affordable housing in Searcy County, AR?+
For a 4-person household in Searcy 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.
Who manages Briarwood Apts Ii?+
Briarwood Apts Ii is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Marshall, AR?+
Based on Fair Market Rent for Searcy County, the estimated price range is: 1-bedroom: $620, 2-bedroom: $814, 3-bedroom: $1042. Actual rent at Briarwood Apts Ii may be lower for income-eligible households.
How do I apply for housing at Briarwood Apts Ii?+
Briarwood Apts Ii 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.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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