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Chapel Ridge of Springdale Apartments is a 184-unit mixed income housing community located in Springdale, AR. The property’s convenient location is within close proximity to grocery stores, restaurants, schools, and entertainment.
Chapel Ridge was built and placed in service in 2003 & 2004 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires at least 140 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. The property is still withing the initial tax credit compliance period.
Residents benefit from amenities such as spacious one, two, three, and four bedroom apartment homes featuring a full appliance package, washer & dryer connections in each unit, extra storage, patio/balcony, and open floor plans. Residents enjoy a comfortable life at Chapel Ridge with full access to a community club house, fitness center, business center, on-site laundry facilities, playground, and swimming pool.