Walnut Lane Apartments

419 Walnut Hill Ln, Cotter, Arkansas 72626

Walnut Lane Apartments, located in Cotter, AR, is a pet friendly senior living community. This apartment complex offers all utilities along with lawn care and maintenance.

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Units

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

Walnut Lane Apartments Details

  • 24 one and two bedroom units.
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Laundry Room

Unit Amenities

  • Garbage Disposal
  • Tile Floors
  • Central Heat & Air
  • Mini Blinds & Curtain Rods
  • Private Patios
  • Electric Range
  • Frost-Free Refrigerator
  • Wall-to-Wall Carpeting

Office Hours

Day Hours
Monday 8:00am-12:00pm
Tuesday 8:00am-12:00pm
Wednesday 8:00am-12:00pm
Thursday 8:00am-12:00pm
Friday 8:00am-12:00pm

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Cotter HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Cotter but actual income limits may differ for units at Walnut Lane Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $12,880 $17,420 $21,960 $26,500 $29,250 $31,400 $33,550 $35,750
50% $18,950 $21,650 $24,350 $27,050 $29,250 $31,400 $33,550 $35,750
80% $30,350 $34,650 $39,000 $43,300 $46,800 $50,250 $53,700 $57,200

Walnut Lane Apartments is managed by Professional Property Management, LLC.

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Image of Walnut Lane Apartments