Calico Pines Apartments

191 Grasse St, Calico Rock, Arkansas 72519

27 units for seniors 62+ of age or older, handicap/disabled, regardless of age located in the town of Calico Rock, AR.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price

Calico Pines Apartments Details

  • 27 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program
  • Section 515 Rural Rental Housing

Property Amenities

  • Community Room
  • Covered Parking
  • Emergency Pull Cord
  • On-Site Maintenance
  • Lawn Care
  • Community Kitchen

Unit Amenities

  • Ceiling Fan(s)
  • Dishwasher
  • Microwave
  • Refrigerator
  • Water Trash and Sewer Included
  • Central Heat & Air
  • Washer/ Dryer
  • Private Patios
  • Electric Range

Office Hours

Day Hours
Monday 8:00am-4:00pm
Tuesday 8:00am-4:00pm
Wednesday 8:00am-4:00pm
Thursday 8:00am-4:00pm
Friday 8:00am-4:00pm

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Calico Rock Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Calico Rock but actual income limits may differ for units at Calico Pines Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $18,950 $21,650 $24,350 $27,050 $29,250 $31,400 $33,550 $35,750
Low Income (60%) $22,740 $25,980 $29,220 $32,460 $35,100 $37,680 $40,260 $42,900

Calico Pines Apartments is managed by Professional Property Management, LLC.

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