2711 Preston Drive, Texarkana, AR 71854
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | 777 - 1,113 Sq Ft |
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.
"The Villas of Texarkana is a gated apartment community for those 55 and over. Our senior apartment homes feature amazing amenities in a friendly, community atmosphere. Our homes feature attractive and spacious one and two-bedroom floor plans suited for your lifestyle.
The Villas of Texarkana offer worry-free living in a community of your peers! Our homes provide the space and privacy you desire, with amenities that will delight and entertain you. The Villas of Texarkana seek to do more than simply meet your needs, we desire to build a sense of community!"
Because Villas of Texarkana 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
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 777ft2 | Call for Price† |
| Two Bedrooms (2/2) | 1113ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year |
| 50% AMI for PBRA Units | $25,250 / year | $28,850 / year | $32,450 / year | $36,050 / year |
| 60% AMI for LIHTC Units | $30,300 / year | $34,620 / year | $38,940 / year | $43,260 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Villas of Texarkana have a waiting list?
Villas of Texarkana 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 Villas of Texarkana?
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 Villas of Texarkana?
Villas of Texarkana is managed by RichSmith Management headquartered in North Little Rock, AR.
In addition to Villas of Texarkana, how many other affordable housing properties (and units) are there in Texarkana?
In addition to Villas of Texarkana, we list 20 other affordable properties in Texarkana. Learn about these properties here. Our data research shows that there are a total of 1044 affordable units in Texarkana.
When was the Villas of Texarkana listing last updated?
Villas of Texarkana listing on Affordable Housing Online was last updated on 01/02/2023 by Affordable Housing Online research staff. Remember, a property's status can change so you should contact the property to confirm.
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