Created by the Tax Reform Act of 1986, the Low-Income Housing Tax Credit (LIHTC) program gave state and local LIHTC-allocating agencies authority to issue tax credits for the acquisition, rehabilitation, or new construction of rental housing targeted to lower-income households. This program provides incentives for non-profit and profit motivated organizations and businesses to develop housing for low-income persons and families.
The Meadows is a housing development with 55 tax credit 3 and 4 bedroom homes in Jacksonville. This site is convenient to grocery stores, schools, parks and other amenities. For more information, call (501) 982-2267. To apply for a house in the Meadows, you must first fill out the application found at www.myhousingportal.org.
JHA APPLICATIONS
3600 Max Howell
P.O. Box 734
. Jacksonville, AR 72078
The Meadows offers affordable homes based on 50% and 60% the area median income or below. In order to qualify families for one of our fabulous newly constructed apartments your income can be up to, but must not exceed the following limits:
Family Income | 50% | 60% |
---|---|---|
1-Person Family | $27,100 | $32,520 |
2-Person Family | $31,000 | $37,200 |
3-Person Family | $34,850 | $41,820 |
4-Person Family | $38,700 | $46,440 |
5-Person Family | $41,800 | $50,160 |
6-Person Family | $44,900 | $53,880 |