Cypress Grove Homes of Lake Village

188 Cypress Street, Lake Village, Arkansas 71653

Contact Cypress Grove Homes of Lake Village

Cypress Grove Homes of Lake Village offers affordable 2-bedroom, 3-bedroom, and 4-bedroom floor plans. Each unit features a fully-equipped kitchen, dishwasher, and microwave. Community amenities include a smoke-free campus, community room, and 24-hour maintenance. Cypress Grove Homes of Lake Village offers residents easy access to Highways 65 and 82. Local dining, shopping, and entertainment destinations are only a short drive away.

Unit (Bd/Ba)	Ft²	Rent
Two Bedroom (2/1)	875	From $750
Three Bedroom (3/2.5)	1,260	From $895
Four Bedroom (4/3)	1,434	From $990

Eligibility for Cypress Grove Homes of Lake Village

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 Lake Village but actual income limits may differ for units at Cypress Grove Homes of Lake Village.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$22,200	$25,400	$28,550	$31,700	$34,250	$36,800	$39,350	$41,850
Low Income (60%)	$26,640	$30,480	$34,260	$38,040	$41,100	$44,160	$47,220	$50,220

Cypress Grove Homes of Lake Village Details

37 two, three and four bedroom units.
Garden
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Community Room
Off-Street Parking
Smoke Free
24 Hour Maintenance

Unit Amenities

Central Air
All Appliances included
Dishwasher
Microwave
Carpet
Refrigerator
Fully Equipped Kitchen

Office Hours

Day	Hours
Monday	8:00am-5:00pm
Tuesday	8:00am-5:00pm
Wednesday	8:00am-5:00pm
Thursday	8:00am-5:00pm
Friday	8:00am-5:00pm

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.