“Welcome to Ouachita Village Apartments a 72 unit Senior (62+) Project-Based Rental with accessible units.
Since this property was built using funding through HUD’s Section 202 Supportive Housing for the Elderly program, residency is restricted to persons who earn 50% of the Area Median Income (AMI) or less. Like other rental assistance programs like Section 8, resident’s rents are based on their income and the tenant contribution is set at 30% of the tenants income.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area’s LIHTC limits.
Ouachita Village Apartments is a HUD Apartment. HUD residents usually pay 30% of their gross income for rent. The rent amount, less approved HUD deductions such as medical and child care expenses, and other allowances, includes a utility allowance. HUD Residents also may choose to pay what is known as flat rent. The HACC works with applicants to determine which rent arrangement is best for them. Ouachita Village Apartments is a senior low income housing apartment subsidized by the federal governments HUD (Housing and Urban Development Division). Contact Ouachita Village Apartments for complete details on the current vacancies and housing applications.”
