Walnut Lane Apartments

419 Walnut Hill Ln, Cotter, Arkansas 72626

Contact Walnut Lane Apartments

Walnut Lane Apartments, located in Cotter, AR, is a pet friendly senior living community. This apartment complex offers all utilities along with lawn care and maintenance.

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

Eligibility for Walnut Lane Apartments

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Cotter but actual income limits may differ for units at Walnut Lane Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
30%	$14,580	$19,720	$24,860	$30,000
50%	$22,200	$25,400	$28,550	$31,700
80%	$35,500	$40,600	$45,650	$50,700

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Cotter but actual income limits may differ for units at Walnut Lane Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$22,200	$25,400	$28,550	$31,700

Walnut Lane Apartments Details

24 one and two bedroom units.
Water and Sewer utilities included in rent
Electricity utility included in rent
Heat utility included in rent
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing

Property Amenities

Community Room
Laundry Room

Unit Amenities

Garbage Disposal
Tile Floors
Central Heat & Air
Mini Blinds & Curtain Rods
Private Patios
Electric Range
Frost-Free Refrigerator
Wall-to-Wall Carpeting

Office Hours

Day	Hours
Monday	8:00am-12:00pm
Tuesday	8:00am-12:00pm
Wednesday	8:00am-12:00pm
Thursday	8:00am-12:00pm
Friday	8:00am-12:00pm

Section 8 Project-Based Rental Assistance (PBRA)

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.