141 W Jackson Ave, West Memphis, AR 72301
Waiting List Forecast: Likely Short or None
Verified for 2023 by Ric Gresia, 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.
The Villas of West Memphis Phase I & II is a gated apartment community for those 55 and over. These senior apartment homes feature amazing amenities in a friendly, community atmosphere located right in the heart of West Memphis. The garden homes feature attractive and spacious one and two-bedroom floor plans suited for your lifestyle and the mid-rise, fully enclosed apartments featured in phase II offer an elevator and controlled access.
The Villas of West Memphis offer worry-free living in a community of your peers providing the space and privacy you desire, with amenities that will delight and entertain you.
Because Villas of West Memphis Phase I & II 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 | $28,350 / year | $32,400 / year | $36,450 / year | $40,500 / year | $43,750 / year | $47,000 / year | $50,250 / year | $53,500 / year |
| 50% AMI for PBRA Units | $28,350 / year | $32,400 / year | $36,450 / year | $40,500 / year | $43,750 / year | $47,000 / year | $50,250 / year | $53,500 / year |
| 60% AMI for LIHTC Units | $34,020 / year | $38,880 / year | $43,740 / year | $48,600 / year | $52,500 / year | $56,400 / year | $60,300 / year | $64,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Villas of West Memphis Phase I & II have a waiting list?
Villas of West Memphis Phase I & II 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 West Memphis Phase I & II?
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 West Memphis Phase I & II?
Villas of West Memphis Phase I & II is managed by RichSmith Management headquartered in North Little Rock, AR.
In addition to Villas of West Memphis Phase I & II, how many other affordable housing properties (and units) are there in West Memphis?
In addition to Villas of West Memphis Phase I & II, we list 30 other affordable properties in West Memphis. Learn about these properties here. Our data research shows that there are a total of 1205 affordable units in West Memphis.
When was the Villas of West Memphis Phase I & II listing last updated?
Villas of West Memphis Phase I & II listing on Affordable Housing Online was last updated on 01/02/2023 by Ric Gresia. Remember, a property's status can change so you should contact the property to confirm.
2950 E Jackson Ave, West Memphis, Arkansas 72301
210 W Jackson Ave, West Memphis, Arkansas 72301
215 W Jackson Ave, West Memphis, Arkansas 72301
2416 E Barton Ave, West Memphis, Arkansas 72301
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.Cathy Watkins says:
"I’m just glad I could find Affordable Housing Online. If I can find a low-income rental, I can see retirement."