Valley Estates of Mountain Home

705 Rich Smith Dr, Mountain Home, Arkansas 72653

Contact Valley Estates of Mountain Home

Located in Mountain Home, our quaint community welcomes you to call The Valley Estates, “home”. Phase II will offer spacious 1,2, and 3-bedroom apartment homes with all the features you are looking for.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price

Eligibility for Valley Estates of Mountain Home

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 Mountain Home but actual income limits may differ for units at Valley Estates of Mountain Home.

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

Valley Estates of Mountain Home Details

48 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Fitness Center
Playground
BBQ and Picnic Area
Business Center
Pool
Laundry Room
Energy Star Appliances
Landscaping

Unit Amenities

Garbage Disposal
Walk-in Closet(s)
Balconies or Patios Available
Central Heat & Air
Stove
Cable & Internet Ready
Washer and Dryer Included
Outside Storage Closets
Custom Blinds

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.