Nantucket Apartments

663 E Chesapeake Way, Fayetteville, Arkansas 72701

Nantucket Apartments, located in Fayetteville, AR, offers one and two bedroom apartments for those ages 55 and up.

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Units

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

Nantucket Apartments Details

  • 51 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Library
  • Coin-Operated Laundry
  • On Bus-line

Unit Amenities

  • Ceiling Fan(s)
  • Garbage Disposal
  • Washer/Dryer Hookup
  • Central Heat & Air
  • Private Porch
  • Electric Range
  • vinyl tile flooring
  • Frost-Free Refrigerator
  • Wall-to-Wall Carpeting

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm

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.

Fayetteville 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 Fayetteville but actual income limits may differ for units at Nantucket Apartments .

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,250 $30,000 $33,750 $37,450 $40,450 $43,450 $46,450 $49,450
Low Income (60%) $31,500 $36,000 $40,500 $44,940 $48,540 $52,140 $55,740 $59,340

Nantucket Apartments is managed by Professional Property Management, LLC.

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