GardenWalk on Madeline Drive Apartments

2925 Madeline Drive, Van Buren, Arkansas 72956

GardenWalk on Madeline Drive Apartments, located at 2925 Madeline Drive in Van Buren, has one and two bedroom apartments. GardenWalk on Madeline Drive Apartments participates in the Section 42 Low-Income Housing Tax Credit (LIHTC) program.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 616 Call for Price
Two Bedroom (2/1) 750 Call for Price

GardenWalk on Madeline Drive Apartments Details

  • 38 one and two bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • 24hr Emergency Maintenance

Unit Amenities

  • Garbage Disposal
  • Storage
  • Water Included

Nearby Amenities

  • Close to Shopping
  • Near Post Office

About GardenWalk on Madeline Drive Apartments

Close to shopping, banks and post office.

Section 42 Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits.

Van Buren Low Income Housing Tax Credit Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $18,550 $21,200 $23,850 $26,450 $28,600 $30,700 $32,800 $34,950
60% $22,260 $25,440 $28,620 $31,740 $34,320 $36,840 $39,360 $41,940

GardenWalk on Madeline Drive Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

GardenWalk on Madeline Drive Apartments is managed by Belmont Management Company.

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