5201 Geyer Springs Road, Little Rock, AR 72209
Waiting List Forecast: Likely Short or None
Verified for 2022 by Kerrie Bullock| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $605 - 685 per Month† | 1 - 2 Beds | 1 Bath | 520 - 720 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Looking for affordable apartment living in Little Rock, Arkansas? Welcome to the newly renovated Summit at Geyer Springs. With access to Highway 708, it makes getting around town to our local shopping centers, restaurants, and entertainment a breeze. Let The Summit at Geyer Springs be your gateway to fun and excitement in Little Rock, Arkansas. 3 Laundry Facilities University of Arkansas within 2 miles Geyer Springs Elementary Situated next to Our Community Conveniently Located Near Plenty of Shopping Facilities, Restaurants, Places of Worship, and Bus Lines! Ask us about our newly renovated apartments homes including contemporary plank flooring and designer paint colors we hope to see you soon. The Summit at Geyer Springs participates in an affordable housing program. Household income limits apply. Please call for more details.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Summit at Geyer Springs does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 520ft2 | $605† |
| Two Bedroom (2/1) | 720ft2 | $685† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $29,050 / year | $33,200 / year | $37,350 / year | $41,500 / year |
| 50% AMI for PBRA Units | $29,050 / year | $33,200 / year | $37,350 / year | $41,500 / year |
| 60% AMI for LIHTC Units | $34,860 / year | $39,840 / year | $44,820 / year | $49,800 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Summit at Geyer Springs have a waiting list?
Summit at Geyer Springs probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Summit at Geyer Springs?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Summit at Geyer Springs?
Summit at Geyer Springs is managed by Arnold Grounds headquartered in Grapevine, TX.
In addition to Summit at Geyer Springs, how many other affordable housing properties (and units) are there in Little Rock?
In addition to Summit at Geyer Springs, we list 77 other affordable properties in Little Rock. Learn about these properties here. Our data research shows that there are a total of 6253 affordable units in Little Rock.
When was the Summit at Geyer Springs listing last updated?
Summit at Geyer Springs listing on Affordable Housing Online was last updated on 07/12/2022 by Kerrie Bullock. Remember, a property's status can change so you should contact the property to confirm.
Housing options for seniors.
Many housing programs have apartments or entire properties restricted to senior residents only, including Section 202 Supportive Housing for the Elderly.Selina Irene says:
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