Walker Courts North and South

1129 Walker Pl, Jonesboro, Arkansas 72401

Walker Court Apartments is a highly reviewed apartment complex in Jonesboro, AR.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - $614

Walker Courts North and South Details

  • 49 one bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

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.

Jonesboro 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 Jonesboro but actual income limits may differ for units at Walker Courts North and South.

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 $31,040 $34,200 $36,550 $38,900
50% $20,650 $23,600 $26,550 $29,450 $31,850 $34,200 $36,550 $38,900
80% $33,000 $37,700 $42,400 $47,100 $50,900 $54,650 $58,450 $62,200

Walker Courts North and South is managed by LHP CAPITAL DEVELOPMENT MANAGEMENT.

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