1322 A Q Cir, Springdale, AR 72764
Waiting List Forecast: Likely Short or None
Verified for 2019 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $495 - 505 per Month† | 1 - 3 Beds | 1 Bath | - |
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.
Colony Square at Springdale Phases I & II consists of 64 units in Phase I and 56 units in Phase II. It is a 100% affordable multifamily community in Springdale, AR. The property has been rehabbed, and the community now features an on-site laundry facility, computer lab, fitness center, a library and two playgrounds with a picnic area and grill. There will be an on-site leasing office as well as a community room. Stop by today and discover all of the benefits that could be yours by making Colony Square at Springdale your new home!
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 Colony Square Apartments 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 |
|---|---|---|
| One Bedroom (1/1) | - | $495 $505† |
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1) | - | 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 Colony Square Apartments have a waiting list?
Colony Square Apartments 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 Colony Square Apartments?
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 Colony Square Apartments?
Colony Square Apartments is managed by RichSmith Management headquartered in North Little Rock, AR.
In addition to Colony Square Apartments, how many other affordable housing properties (and units) are there in Springdale?
In addition to Colony Square Apartments, we list 32 other affordable properties in Springdale. Learn about these properties here. Our data research shows that there are a total of 1568 affordable units in Springdale.
819 N. Mill Street , Springdale, Arkansas 72764
2447 Johnson Meadows Pl, Springdale, Arkansas 72762
Do you have little or no income?
Be aware that some housing assistance programs have a minimum income requirement, such as Low-Income Housing Tax Credit aparments.Takesha Powell says:
"Affordable Housing Online is a great resource that provides a lot of helpful links to get low-income and affordable housing."