Valley Estates of Mountain Home

705 Rich Smith Dr, Mountain Home, Arkansas 72653

Located in Mountain Home, our quaint community welcomes you to call The Valley Estates, “home”. Phase II will offer spacious 1,2, and 3-bedroom apartment homes with all the features you are looking for. 

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/1) - Call for Price

Valley Estates of Mountain Home Details

  • 48 one, two and three bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Playground
  • BBQ/Picnic Area
  • Business Center
  • Pool
  • Laundry Room
  • Energy Star Appliances
  • Landscaping

Unit Amenities

  • Garbage Disposal
  • Walk-in Closet(s)
  • Balconies or Patios Available
  • Central Heat & Air
  • Stove
  • Cable & Internet Ready
  • Washer/ Dryer
  • Outside Storage Closets
  • Custom Blinds

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.

Mountain Home 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 Mountain Home but actual income limits may differ for units at Valley Estates of Mountain Home.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $18,950 $21,650 $24,350 $27,050 $29,250 $31,400 $33,550 $35,750
Low Income (60%) $22,740 $25,980 $29,220 $32,460 $35,100 $37,680 $40,260 $42,900

Valley Estates of Mountain Home is managed by RichSmith Management.

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Image of Valley Estates of Mountain Home
Image of Valley Estates of Mountain Home