Colony Square Apartments

1322 A Q Cir, Springdale, Arkansas 72764

Contact Colony Square Apartments

Colony Square at Springdale Phases I & II consists of 64 units in Phase I and 56 units in Phase II. It is a 100% affordable multifamily community in Springdale, AR. The property has been rehabbed, and the community now features an on-site laundry facility, computer lab, fitness center, a library and two playgrounds with a picnic area and grill. There will be an on-site leasing office as well as a community room. Stop by today and discover all of the benefits that could be yours by making Colony Square at Springdale your new home!

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	From $495 To $505
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price

Eligibility for Colony Square Apartments

Colony Square Apartments Details

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

Property Amenities

BBQ and Picnic Area
Wireless Internet Access

Unit Amenities

Air Conditioning
Dishwasher
Garbage Disposal
Microwave
Carpet
Refrigerator
Oven and Range
vinyl tile flooring
Dine-In Kitchen
Individual heating and cooling systems

Office Hours

Day	Hours
Monday	8:30am-5:00pm
Tuesday	8:30am-5:00pm
Wednesday	8:30am-5:00pm
Thursday	8:30am-5:00pm
Friday	8:30am-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.

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.