Town Branch Apartments

301 Amber St, Huntsville, Arkansas 72740

Contact Town Branch Apartments

Town Branch Apartments is a senior living community located in the heart of Huntsville, AR. this location offers spacious one Bedroom apartments that follow a super energy efficient power format.

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

Eligibility for Town Branch Apartments

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 Huntsville but actual income limits may differ for units at Town Branch Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$31,050	$35,450	$39,900	$44,300	$47,850	$51,400	$54,950	$58,500
Low Income (60%)	$37,260	$42,540	$47,880	$53,160	$57,420	$61,680	$65,940	$70,200

Town Branch Apartments Details

25 one bedroom units.
Section 202 Supportive Housing for the Elderly
Low-Income Housing Tax Credit (LIHTC)
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance

Property Amenities

Community Room
Laundry Room
Energy Efficient Design

Unit Amenities

Garbage Disposal
Carpet
Sewer Included
Trash Included
Water Included
Spacious floor plans
Central Heat & Air
Mini Blinds & Curtain Rods
Frost-Free Refrigerator
Fire Sprinklers and Monitored Alarms

Nearby Amenities

Close to Shopping

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.

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.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.