1204 Redbud Ln, Berryville, AR 00000
Waiting List Forecast: Likely Short or None
Verified for 2021 by Lorena Bentley, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 3 Beds | 2 Baths | 1,115 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Birch Tree Acres Subdivision is a 38-unit property located on County Road 426, in Berryville, Arkansas. The subdivision consists of 38 three-bedroom single-family houses on individual lots. Each house is approximately 1,200 square feet plus a carport, front porch and back patio.
Each house is equipped with a stove, vent hood, refrigerator, dishwasher, disposal, microwave oven, central heat and air conditioning, washer and dryer hook-ups and ceiling fans. All of the appliances are electric. The exterior is constructed of brick and/or vinyl siding.
The property includes a playground area, a picnic area, and a community facility all for the exclusive use of the residents.
The Birch Tree Acres Subdivision was built to cater exclusively to large families. The rent structure of the property is governed by the IRS Section 42 rules and is restricted to residents earning at or below 60% of the area median income. An additional five percent of the property is further restricted to residents earning at or below 30% of the area median income for deeper targeting.
Preference is shown to qualified residents that are on the Public Housing Authority’s waiting list. It is anticipated that at the end of the compliance period the houses will be offered for homeownership.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Birch Tree Acres does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Three Bedrooms (3/2) | 1115ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $23,350 / year | $26,650 / year | $30,000 / year | $33,300 / year | $36,000 / year | $38,650 / year |
| 50% AMI for PBRA Units | $23,350 / year | $26,650 / year | $30,000 / year | $33,300 / year | $36,000 / year | $38,650 / year |
| 60% AMI for LIHTC Units | $28,020 / year | $31,980 / year | $36,000 / year | $39,960 / year | $43,200 / year | $46,380 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Birch Tree Acres have a waiting list?
Birch Tree Acres probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Birch Tree Acres?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Birch Tree Acres?
Birch Tree Acres is managed by Envolve Communities LLC headquartered in Montgomery, AL.
In addition to Birch Tree Acres, how many other affordable housing properties (and units) are there in Berryville?
In addition to Birch Tree Acres, we list 8 other affordable properties in Berryville. Learn about these properties here. Our data research shows that there are a total of 260 affordable units in Berryville.
Stay in contact with the housing agency after applying.
While on a waiting list, always keep your information up to date. If you get selected for housing, the agency needs to know how to reach you!LMarie Murphy says:
"This website is very user friendly, and offers important information. It really helps to feel empowered when you have never done this process before. Thank you Affordable Housing Online!"