Albert Pike Apartments

701 Scott St, Little Rock, Arkansas 72201

At Albert Pike Residence Hotel, we are excited about the positive changes we are making to our community. Albert Pike Residence Hotel is a 130 unit multi-family, independent living, housing community providing rental assistance for the elderly (62 years and older) and people with disabilities through the HUD Project-based Section 8 and the Low Income Housing Tax Credit (LIHTC) programs. We offer 76(0) efficiency/studio bedrooms, 51- 1 bedroom, and 3- 2 bedroom units. Maximum occupancy limits are two (2) person per bedroom.

 We are building a community that people can be proud to call home and we need your assistance/referrals. We currently have available: Efficiency, Studios & 1 Bedrooms Available.

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 497 $890
2 Bedroom - A (2/1) 705 $1,190
2 Bedroom (2/2) 705 $1,265

Albert Pike Apartments Details

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

Property Amenities

  • Elevator
  • Fitness Center
  • Computer Lab
  • 24hr Emergency Maintenance
  • Covered Parking
  • Landscaping
  • Laundry Facilities
  • Courtyard
  • Wheel Chair Accessible

Unit Amenities

  • Ceiling Fan(s)
  • Garbage Disposal
  • Cable Ready
  • Carpet
  • Refrigerator
  • Energy Efficient Appliances

Nearby Amenities

  • Close to Public Transportation

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.

Little Rock 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 Little Rock but actual income limits may differ for units at Albert Pike Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,550 $18,900 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% $27,550 $31,500 $35,450 $39,350 $42,500 $45,650 $48,800 $51,950
80% $44,100 $50,400 $56,700 $62,950 $68,000 $73,050 $78,100 $83,100

Little Rock 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 Little Rock but actual income limits may differ for units at Albert Pike Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $27,550 $31,500 $35,450 $39,350 $42,500 $45,650 $48,800 $51,950
Low Income (60%) $33,060 $37,800 $42,540 $47,220 $51,000 $54,780 $58,560 $62,340

Albert Pike Apartments is managed by Envolve Communities LLC.

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