300 Ashley St, Mcgehee, AR 71654
Waiting List Forecast: Likely Long or Closed
Verified for 2020 by Colleen Carter, Ric Gresia, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $750 - 990 per Month† | 2 - 4 Beds | 1 - 3 Baths | - |
Since this property is a Section 202 property and includes rental assistance, it will tend to have a longer waiting list. Sometimes these waiting lists can be months or years long and may or may not be accepting new applicants. 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.
Cypress Grove Homes of McGehee offers affordable 2-bedroom, 3-bedroom, and 4-bedroom floor plans. Each unit features a fully-equipped kitchen, dishwasher, and microwave. Community amenities include a smoke-free campus, community room, and 24-hour maintenance.
As a modern Section 202 property built after 1990, Cypress Grove Homes of McGehee only allows seniors aged 62 or older. Older “Legacy” 202 properties (pre-1990) do allow younger persons with disabilities. Modern 202 properties tend to be in better physical condition primarily due to age. Section 202 properties include a rent subsidy, so you will only pay 30% of your income toward rent. To qualify, you will need to earn 50% of the Area Median Income or less. These properties often include a resident services coordinator that arranges services like healthcare management, transportation, and social activities. If you are a senior or have a senior in your household, and need services to maintain independent living, this property may be good for you. Since this property participates in the HUD 202 program and has a property based subsidy, if you have a Section 8 voucher, you would have to give up your voucher to move in.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1) | 875ft2 | $750† |
| Three Bedroom (3/2.5) | 1,260ft2 | $895† |
| Four Bedroom (4/3) | 1,434ft2 | $990† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $22,200 / year | $25,400 / year | $28,550 / year | $31,700 / year | $34,250 / year | $36,800 / year | $39,350 / year | $41,850 / year |
| 50% AMI for PBRA Units | $22,200 / year | $25,400 / year | $28,550 / year | $31,700 / year | $34,250 / year | $36,800 / year | $39,350 / year | $41,850 / year |
| 60% AMI for LIHTC Units | $26,640 / year | $30,480 / year | $34,260 / year | $38,040 / year | $41,100 / year | $44,160 / year | $47,220 / year | $50,220 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Cypress Grove Homes of McGehee have a waiting list?
Cypress Grove Homes of McGehee 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 Cypress Grove Homes of McGehee?
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 Cypress Grove Homes of McGehee?
Cypress Grove Homes of McGehee is managed by PK Management, LLC headquartered in Cleveland, OH.
In addition to Cypress Grove Homes of McGehee, how many other affordable housing properties (and units) are there in Mcgehee?
In addition to Cypress Grove Homes of McGehee, we list 8 other affordable properties in Mcgehee. Learn about these properties here. Our data research shows that there are a total of 209 affordable units in Mcgehee.
417 Valley Cove, Mcgehee, Arkansas 71654
If you're a homeless veteran, contact your VA Medical Center.
You may have an opportunity to apply for a VASH voucher, which is a Section 8 voucher for homeless veterans.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."