Chicot Apartments

604 E Compress St, Eudora, Arkansas 71640

This community is nestled in the southwest area of beautiful Chicot County, Arkansas. Enjoy the small town feel of Eudora. This apartment complex is conveniently located near Eudora City Park, lakes, rivers, and streams.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 710 $686
Two Bedrooms (2/1) 840 $785
Three Bedrooms (3/1) 950 $980

Chicot Apartments Details

  • 50 one, two and three bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Computer Lab
  • Grilling Area
  • Beautiful Landscape
  • Picnic Area

Unit Amenities

  • All Appliances included
  • Dishwasher
  • Microwave
  • Cable Ready
  • Utilities Included
  • Refrigerator
  • Oven and Range
  • Open Concept, Fully Equipped Kitchens
  • Central Heat & Air
  • Mini Blinds & Curtain Rods
  • High Ceilings

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.

Eudora 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 Eudora but actual income limits may differ for units at Chicot 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

Chicot Apartments is managed by United Apartment Group.

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Image of Chicot Apartments