Donaghey Court is a 40-unit affordable housing community in Conway, AR, conveniently located with easy access to Interstate 40 & Highway 60. The property is located within minutes of restaurants, healthcare, numerous shopping venues, and the University of Central Arkansas.
The property 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 with Arkansas Development Finance Authority, which requires 32 units to be rented to income qualifying tenants earning no more than 30% and 60% of the Area Median Income. The remaining units are unrestricted. The property is still within its initial 15-year tax credit compliance period.
The property is comprised of one and two bedroom apartment homes. Resident amenities include high speed internet, on-site laundry facilities, air conditioning, patios/balconies, playground, and easy access to area amenities.