Cypress Grove Homes of Lake Village

188 Cypress Street, Lake Village, Arkansas 71653

Cypress Grove Homes of Lake Village has easy access to Highways 65 and 82. Your favorite dining, shopping, and entertainment destinations are only a short drive away.


Unit (Bd/Ba) Ft2 Rent
Three Bedrooms (3/2.5) 1260 $861
Four Bedrooms (4/3) 1434 $960

Cypress Grove Homes of Lake Village Details

  • 37 three and four bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Business Center
  • On-Site Maintenance

Unit Amenities

  • Central Air
  • Dishwasher
  • Microwave
  • Cable Ready
  • Walk-in Closet(s)
  • Carpet
  • Refrigerator
  • Tile Floors
  • Mini Blinds & Curtain Rods

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.

Lake Village 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 Lake Village but actual income limits may differ for units at Cypress Grove Homes of Lake Village.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $21,100 $24,100 $27,100 $30,100 $32,550 $34,950 $37,350 $39,750
Low Income (60%) $25,320 $28,920 $32,520 $36,120 $39,060 $41,940 $44,820 $47,700

Cypress Grove Homes of Lake Village is managed by Arnold Grounds.

Image of Cypress Grove Homes of Lake Village
Image of Cypress Grove Homes of Lake Village

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