AffordableHousingOnline

Stevens Square

100 Stevens Sq, Lepanto, Arkansas 72354

Eligibility for Stevens Square

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 Lepanto but actual income limits may differ for units at Stevens Square.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,580 $19,720 $24,860 $30,000 $34,250 $36,800 $39,350 $41,850
50% $22,200 $25,400 $28,550 $31,700 $34,250 $36,800 $39,350 $41,850
80% $35,500 $40,600 $45,650 $50,700 $54,800 $58,850 $62,900 $66,950

Stevens Square Details

  • 58 bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Section 521 USDA Rental Assistance
  • Section 515 Rural Rental Housing
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.

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.

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.