Cottages at Conway

1915 RichSmith Lane, Conway, Arkansas 72032

Contact Cottages at Conway

The Cottages of Conway is a gated apartment community for those 55 and over. They are located in the beautiful city of Conway, AR. Their homes feature attractive and spacious one and two-bedroom apartment floor plans suited for your lifestyle

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	777	Call for Price
Two Bedroom (2/2)	1116	Call for Price

Eligibility for Cottages at Conway

Cottages at Conway Details

10 one and two bedroom units.
Section 202 Supportive Housing for the Elderly
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
Fitness Center
Community Room
Business Center
Library
Landscaping
Laundry Facilities
Storage (in unit)

Unit Amenities

Dishwasher
Garbage Disposal
Microwave
Washer and Dryer Hookup
Walk-in Closet(s)
Refrigerator
Cable & Internet Ready
Private Patio and Balcony
Custom Blinds

Nearby Amenities

Near Movie Theatre

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.