Affordable Housing In El Dorado
Union County, Arkansas

8 Low Income Apartment Communities In El Dorado

BROOKSTONE PARK OF EL DORADO

301 Moorewood St
El Dorado, Arkansas
$540-740
1-3 BR

Bradley Woods Apartments

912 N Yocum Ave
El Dorado, Arkansas
Subsidized

Haygood Neal Garden Apartments

1315 W 1st St
El Dorado, Arkansas
Subsidized

Creative Housing II

712 E 19th St
El Dorado, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Creative Housing

209 N Newton Ave
El Dorado, Arkansas
Subsidized
62+
Accessible
Elderly Supportive Housing

Vineyards of El Dorado II

550 Beverly Dr
El Dorado, Arkansas

El Dorado Housing Associates

Morewood Rd
El Dorado, Arkansas
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Section 8 Vouchers, Apartments, and Waiting Lists in El Dorado, Arkansas

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving El Dorado, Arkansas

Housing Authority Programs
Union County Public Housing Agency (AAA) Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in El Dorado, Arkansas

There are 8 low income housing apartment communities offering 383 affordable apartments for rent in El Dorado, Arkansas.

Income Based Apartments in El Dorado, Arkansas

El Dorado features 196 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in El Dorado, Arkansas

There are 187 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in El Dorado.

Housing Choice Vouchers in El Dorado, Arkansas

On average, Section 8 Housing Choice vouchers pay El Dorado landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in El Dorado.

The maximum amount a voucher would pay on behalf of a low-income tenant in El Dorado, Arkansas for a two-bedroom apartment is between $612 and $748.

2022 El Dorado, Arkansas Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
El Dorado, Arkansas Fair Market Rent $586 $594 $680 $966 $1,035
El Dorado, Arkansas Payment Standard Range $527 to $645 $535 to $653 $612 to $748 $869 to $1,063 $932 to $1,139

Sourced from federal housing data and AffordableHousingOnline.com research.

El Dorado, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 383
Total Housing Units with Rental Assistance 196
Percentage of Housing Units Occupied By Renters 40.45%
Average Renter Household Size 2.44
Average Household Size 2.43
Median Household Income $34,239 ±$3,375
Median Rent $617 ±$27
Percentage Of Renters Overburdened 40.38% ± 6.75pp
Total Population 18,480

Population and Household Demographics

El Dorado is a city in Union County, Arkansas with a population of 18,480. There are 7,469 households in the city with an average household size of 2.43 persons. 40.45% of households in El Dorado are renters.

Income and Rent Overburden in El Dorado

The median gross income for households in El Dorado is $34,239 a year, or $2,853 a month. The median rent for the city is $617 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In El Dorado, a household making less than $2,057 a month would be considered overburdened when renting an apartment at or above the median rent. 40.38% of households who rent are overburdened in El Dorado.

Area Median Income In El Dorado

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For El Dorado, the AMI is calculated from all households within Union County.

In El Dorado, HUD calculates the Area Median Income for a family of four as $57,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in El Dorado

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in El Dorado

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the El Dorado AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $31,040 $33,450 $35,750 $38,050
50% AMI Income Limits
Renters earning up to 50% of the El Dorado AMI may qualify for rental assistance programs that target Very Low Income households.
$20,200 $23,050 $25,950 $28,800 $31,150 $33,450 $35,750 $38,050
80% AMI Income Limits
Renters earning up to 80% of the El Dorado AMI may qualify for rental assistance programs that target Low Income households.
$32,300 $36,900 $41,500 $46,100 $49,800 $53,500 $57,200 $60,900