211 E Raney Ave, Mccrory, AR 72101
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2023 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $655 - 925 per Month† | 1 - 3 Beds | 1 - 2 Baths | 640 - 1,100 Sq Ft |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.
Welcome to Chapel Oaks Apartments in McCrory, Arkansas where you will find comfortable and convenient apartment homes at affordable prices. Located on the corner of Raney Avenue and Chapel Oaks Drive, this community is located just minutes from downtown. With close proximity to Memphis, Tennessee there are endless possibilities for big city entertainment, dining, and shopping. For those who love the outdoor life, the Ozark National Forest is a short distance away where a variety of recreational activities are waiting for you.
*Rent Income Based
These apartment homes offer three different floor plans ranging from one bedroom to three bedroom designs. Each home features central air conditioning and heating, ceiling fans, and an all-electric kitchen with a breakfast bar for those who enjoy cooking. Select homes include washer and dryers. Chapel Oaks Apartments offers our residents an affordable lifestyle of satisfaction and ease.
Residents enjoy some of the best community amenities apartment home living has to offer. Step into our fantastic clubhouse which features a state-of-the-art fitness center and a business center for your copy and fax service needs. Take a walk through our beautifully landscaped grounds or head over to the children’s play area for some fun. We are proud to offer a professional staff, on-call maintenance, and a laundry facility to make those everyday chores a breeze. Give Them a call to schedule your personal tour today.
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. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Chapel Oaks Apartments has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, 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 need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 640ft2 | $655† |
| Two Bedroom (2/2) | 865ft2 | $760† |
| Three Bedroom (3/2) | 1100ft2 | $925† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $14,580 / year | $19,720 / year | $24,860 / year | $30,000 / year | $34,400 / year | $36,950 / year |
| 50% AMI for LIHTC Units | $22,300 / year | $25,500 / year | $28,700 / year | $31,850 / year | $34,400 / year | $36,950 / year |
| 50% AMI for PBRA Units | $22,300 / year | $25,500 / year | $28,700 / year | $31,850 / year | $34,400 / year | $36,950 / year |
| 60% AMI for LIHTC Units | $26,760 / year | $30,600 / year | $34,440 / year | $38,220 / year | $41,280 / year | $44,340 / year |
| 80% AMI for PBRA Units | $35,700 / year | $40,800 / year | $45,900 / year | $50,950 / year | $55,050 / year | $59,150 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Chapel Oaks Apartments have a waiting list?
Chapel Oaks Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Chapel Oaks Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Chapel Oaks Apartments?
Chapel Oaks Apartments is managed by United Apartment Group headquartered in San Antonio , Texas.
In addition to Chapel Oaks Apartments, how many other affordable housing properties (and units) are there in Mccrory?
In addition to Chapel Oaks Apartments, we list 3 other affordable properties in Mccrory. Learn about these properties here. Our data research shows that there are a total of 140 affordable units in Mccrory.
When was the Chapel Oaks Apartments listing last updated?
Chapel Oaks Apartments listing on Affordable Housing Online was last updated on 03/31/2023 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Report unemployment income to your housing agency.
All employment income is required to be reported for federal housing assistance - including unemployment income.Lela Mima says:
"I love that this website lets you know where Section 8 will be open, and you have choices to pick where to apply. Thank you Affordable Housing Online!"