Paragould Terrace — Income-Restricted Housing in Paragould, AR 72451
715 Kennedy Street, Paragould, AR 72451
25 units · 1–3 BR
How to apply
- Managed by Phillips Dev Corp. USDA does not publish a phone number for this property.
- Find contact info on USDA's Multifamily Housing programs page.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1988
- Bedrooms
- 24 1 bedroom · 1 3 bedrooms
- USDA rental assistance
- 11 units (tenant pays about 30% of income)
- Accessible units
- 1
- Managed by
- Phillips Dev Corp
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Nearby income-restricted buildings
Paragould
219 Bogil Road, Paragould, AR 72451
0.9 mi away
14 units · 1–2 BR
- 2 vacant units reported (Oct 2026) — call to confirm
Ridge Homes
722 W Kings Hwy, Paragould, AR 72450
0.5 mi away
5 units · 4 income-restricted · Studio · People with disabilities
Paragould Apts
115 Bogil Rd, Paragould, AR 72450
2.2 mi away
14 units · 1–3 BR
- Affordability period may have ended — call to confirm
Oaktree
401 N Bernis St, Brookland, AR 72417
10.8 mi away
16 units · 1–2 BR
- 4 vacant units reported (Oct 2026) — call to confirm
Cardwell
101 Circle Dr, Cardwell, MO 63829
11.2 mi away
22 units · 1–2 BR
- Apply through Housing Authority of the City of Cardwell
- Residents waited about 1 month to move in (HUD, Oct 2026)
Rents and income limits in 72451
- Fair market rent, 2 bedrooms
- $940/mo
- Income needed to pay it at 30% of income
- $37,600/yr
Income limits (2026)
Greene County, AR area · median family income $71,100. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $15,960 | $24,900 | $39,850 |
| 2 | $21,640 | $28,450 | $45,550 |
| 3 | $27,320 | $32,000 | $51,250 |
| 4 | $33,000 | $35,550 | $56,900 |
| 5 | $38,400 | $38,400 | $61,500 |
| 6 | $41,250 | $41,250 | $66,050 |
| 7 | $44,100 | $44,100 | $70,600 |
| 8 | $46,950 | $46,950 | $75,150 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 72451 | Wider area |
|---|---|---|
| Studio | $670 | $665 |
| 1 bedroom | $790 | $783 |
| 2 bedrooms | $940 | $935 |
| 3 bedrooms | $1,290 | $1,287 |
| 4 bedrooms | $1,570 | $1,563 |
Wider area = Greene County, AR. Two-bedroom fair market rents in 4 nearby ZIPs range from $910 (72443) to $1,120 (72417).
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures). Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 72451's fair market rent.
Estimate your Section 8 rent share for 72451Frequently Asked Questions
How do I apply to Paragould Terrace?
No phone is listed for Paragould Terrace. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Paragould Terrace Section 8 housing?
Paragould Terrace is listed as income-restricted housing in Paragould, AR 72451 (lihtc, usda). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Paragould Terrace?
Public records list 25 units at Paragould Terrace in Paragould, AR 72451. That is a building size, not a count of open apartments.
Are there other affordable apartments near Paragould Terrace?
Yes — this page lists other income-restricted buildings in 72451 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Paragould Terrace?
Call the number on this page and ask about the waiting list or how to apply at Paragould Terrace in Paragould, AR 72451. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Paragould, AR 72451?
Most income-restricted buildings in Paragould, AR 72451 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $24,900, and $35,550 for a 4-person household. Public housing can go up to 80% ($39,850 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Paragould, AR 72451?
For many programs in Paragould, AR 72451, the 2026 HUD very low-income (50%) limit is $24,900 a year for 1 person and $35,550 for 4 people. The low-income (80%) limit is $39,850 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Paragould, AR 72451?
In public housing and most Section 8 in Paragould, AR 72451, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Paragould, AR 72451 is $940 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Paragould Terrace take Section 8 vouchers?
This file does not say that Paragould Terrace has a project-based Section 8 contract. Some landlords in Paragould, AR 72451 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Paragould Terrace.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.