2001 Quality Dr, Searcy, AR 72143
Waiting List Forecast: Likely Short or None
Verified for 2023 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Because The Ridge at Searcy participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $22,600 / year | $25,800 / year | $29,050 / year | $32,250 / year | $34,850 / year | $37,450 / year | $40,000 / year | $42,600 / year |
| 50% AMI for PBRA Units | $22,600 / year | $25,800 / year | $29,050 / year | $32,250 / year | $34,850 / year | $37,450 / year | $40,000 / year | $42,600 / year |
| 60% AMI for LIHTC Units | $27,120 / year | $30,960 / year | $34,860 / year | $38,700 / year | $41,820 / year | $44,940 / year | $48,000 / year | $51,120 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Ridge at Searcy have a waiting list?
The Ridge at Searcy 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 The Ridge at Searcy?
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.
In addition to The Ridge at Searcy, how many other affordable housing properties (and units) are there in Searcy?
In addition to The Ridge at Searcy, we list 13 other affordable properties in Searcy. Learn about these properties here. Our data research shows that there are a total of 846 affordable units in Searcy.
When was the The Ridge at Searcy listing last updated?
The Ridge at Searcy listing on Affordable Housing Online was last updated on 01/03/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.
400 Meadow Lake Cir, Searcy, Arkansas 72143
Always check the program's income limit.
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