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Chapel Ridge of Sherwood Apartments is a 160-unit mixed income housing community located in Sherwood, AR.
Chapel Ridge of Sherwood was built and placed in service in 2005 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires at least 136 units to be rented to income qualifying residents earning no more than 60% of Area Median Income (AMI) limits, which are provided by Arkansas Development Finance Authority (ADFA). The remaining units are unrestricted.
Chapel Ridge of Sherwood offers one, two, and three bedroom apartment homes featuring washer/dryer connections, walk-in closets (in masters), extra storage, private patio/balcony, and a full appliance package. Community amenities include on-site maintenance, leasing office, on-site laundry facilities, community pool, fitness center, business center, clubhouse, playground, and picnic areas.