Fair Oaks Apartments

9600 W 36th St, Little Rock, Arkansas 72204

Contact Fair Oaks Apartments

Fair Oaks Apartments offers 1 to 4 bedroom apartments ranging in size from 558 to 801 sq.ft. For more information, please contact their management office.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	588	Call for Price
Two Bedroom (2/1)	700	Call for Price
Three Bedroom (3/1.5)	792	Call for Price
Four Bedroom (4/2)	801	Call for Price

Eligibility for Fair Oaks 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 Little Rock but actual income limits may differ for units at Fair Oaks Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30%	$17,450	$19,950	$24,860	$30,000	$35,140	$40,280	$45,420	$50,560
50%	$29,050	$33,200	$37,350	$41,500	$44,850	$48,150	$51,500	$54,800
80%	$46,500	$53,150	$59,800	$66,400	$71,750	$77,050	$82,350	$87,650

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 Little Rock but actual income limits may differ for units at Fair Oaks Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$29,050	$33,200	$37,350	$41,500	$44,850	$48,150	$51,500	$54,800
Low Income (60%)	$34,860	$39,840	$44,820	$49,800	$53,820	$57,780	$61,800	$65,760

Fair Oaks Apartments Details

10 one, two, three and four bedroom units.
Section 8 Project-Based Rental Assistance (PBRA)
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 221 (d) (3)
Section 236

Property Amenities

Playground
Business Center
On-Site Manager
On-Site Maintenance
Laundry Facilities

Unit Amenities

Air Conditioning
Garbage Disposal
Carpet
Refrigerator
Oven and Range
Mini Blinds & Curtain Rods

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

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Section 236

Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.