Affordable Housing In Russellville
Pope County, Arkansas

16 Low Income Apartment Communities In Russellville

John L. Rankin Senior Housing

214 S Erie Ave
Russellville, AR
62+
Accessible
Elderly Supportive Housing
Subsidized

Heritage Homes

1125 S Independence Ave
Russellville, AR
62+
Accessible
Elderly Supportive Housing
Subsidized

Jackson Burris Senior Apartments

1026 N Rochester Ave
Russellville, AR
62+
Accessible
Elderly Supportive Housing
Subsidized

Russellville Heritage Apartments

1010 E M St
Russellville, AR
62+
Accessible
Elderly Supportive Housing
Subsidized

Valley Housing

1133 S Independence Ave
Russellville, AR
Accessible
Disabled Supportive Housing
Subsidized

Whitley Place

950 University Dr
Russellville, AR
Accessible
Disabled Supportive Housing
Subsidized

Southlawn Apartments

1701 S Detroit Ave
Russellville, AR
62+
Accessible
Elderly Supportive Housing
Subsidized

Archway Apartments

1015 N Nashville Ave
Russellville, AR
62+
Accessible
Elderly Supportive Housing
Subsidized

Housing Services

715A E G St
Russellville, AR
62+
Accessible
Elderly Supportive Housing
Subsidized

Riverwood Village Apartments

1500 E 16th St
Russellville, AR
HCV Welcome
Subsidized

Housing Authorities that serve Russellville

Housing Authority Programs
Russellville Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Pope County Public Facilities Board Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Russellville, Arkansas

According to federal housing data and AffordableHousingOnline.com research, there are 16 low income housing apartment communities offering 785 affordable apartments for rent in Russellville, Arkansas. Russellville features 529 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 184 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Russellville.

Russellville, AR Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 785
Total Housing Units with Rental Assistance 529
Percentage of Housing Units Occupied By Renters 50.19%
Average Renter Household Size 2.50
Average Household Size 2.57
Median Household Income $35,541 ±$2,420
Median Rent $652 ±$36
Percentage Of Renters Overburdened 47.08% ± 7.55pp
Total Population 28,738

Population and Household Demographics

Russellville is a City in Pope County, Arkansas with a population of 28,738. There are 9,898 households in the city with an average household size of 2.57 persons. 50.19% of households in Russellville are renters.

Income and Rent Overburden in Russellville

The median gross income for households in Russellville is $35,541 a year, or $2,962 a month. The median rent for the city is $652 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Russellville, a household making less than $2,173 a month would be considered overburdened when renting an apartment at or above the median rent. 47.08% of households who rent are overburdened in Russellville.1

Area Median Income In Russellville

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Russellville, the AMI is calculated from all households within Pope County.

In Russellville, HUD calculates the Area Median Income for a family of four as $53,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Russellville

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Russellville HUD Rental Assistance in Russellville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,950 $31,100 $33,250 $35,400
50% of Median $18,800 $21,450 $24,150 $26,800 $28,950 $31,100 $33,250 $35,400
80% of Median $30,050 $34,350 $38,650 $42,900 $46,350 $49,800 $53,200 $56,650
Low Income Housing Tax Credits in Russellville

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1989 to 1994, 3 low income apartment communities containing 212 rental apartments have been constructed and made affordable to low income persons in Russellville by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Russellville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,800 $21,450 $24,150 $26,800 $28,950 $31,100 $33,250 $35,400
60% of Median $22,560 $25,740 $28,980 $32,160 $34,740 $37,320 $39,900 $42,480

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Russellville is $28,980 a year, or $2,415 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,415 by 30% to get a maximum rent of $725 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $470 $503 $604 $697 $778 $858
60% $564 $604 $725 $836 $933 $1,030
Fair Market Rents in Russellville

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$480 $498 $656 $946 $973