840 N 16th Street, Rogers, AR 72756
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 3 Beds | 2 Baths | - |
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.
Experience a new standard of living at The Park at Olive. Their brand new apartments are coming soon to Rogers, Arkansas. Situated only minutes from restaurants, shopping, parks, and schools, this location will provide easy access to everything you need. With an unparalleled combination of quality, convenience, and affordability, our community is sure to surpass your expectations.
Inspired by you, their three bedroom apartments for rent are being crafted to enhance your lifestyle. Standard features are second to none and will include hardwood floors, walk-in closets, ceiling fans, washer and dryer connections, and an all-electric kitchen with EnergyStar appliances. At The Park at Olive, they take all of your needs into consideration and aim to create a community you can truly call home.
Pet Policy:
Pets Welcome Upon Approval. Breed restrictions apply.
Limit of 2 pets per home.
An additional deposit and fee will be required for animals accepted within the accepted weight limits.
Pet deposit is $150 per pet. ;Non-refundable fee is $150 per pet.
A pet agreement on file is required.
Non-acceptable canine breeds are: Pit Bull, Rottweiler, Doberman, German Shepherd, Husky, Malamute, Akita, Wolf-Hybrid, St. Bernard, Great Dane, Chow, Bull Mastiff and Standard Poodle. Unless proper documentation is provided in advance that the pet is a service animal and reasonable accommodation has been requested.
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 Park at Olive 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 |
|---|---|---|
| 3 Bedroom (3/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $31,050 / year | $35,450 / year | $39,900 / year | $44,300 / year | $47,850 / year | $51,400 / year |
| 50% AMI for PBRA Units | $31,050 / year | $35,450 / year | $39,900 / year | $44,300 / year | $47,850 / year | $51,400 / year |
| 60% AMI for LIHTC Units | $37,260 / year | $42,540 / year | $47,880 / year | $53,160 / year | $57,420 / year | $61,680 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Park at Olive have a waiting list?
Park at Olive 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 Park at Olive?
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 Park at Olive?
Park at Olive is managed by United Apartment Group headquartered in San Antonio , Texas.
In addition to Park at Olive, how many other affordable housing properties (and units) are there in Rogers?
In addition to Park at Olive, we list 37 other affordable properties in Rogers. Learn about these properties here. Our data research shows that there are a total of 1248 affordable units in Rogers.
When was the Park at Olive listing last updated?
Park at Olive listing on Affordable Housing Online was last updated on 01/31/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
840 N 16th St, Rogers, Arkansas 72756
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Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Selina Irene says:
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