Cascades At Spring Street
1510 Spring St, Hot Springs, AR 71901
1 studio, 31 3BR
- Apartments
- 32
- Income-restricted
- 32
- Placed in service
- 2009
Arkansas
Tax credit apartments in Hot Springs, AR
HUD's database lists 10 properties in Hot Springs built or rehabbed with low-income housing tax credits: 880 apartments, 829 of them income-restricted. Rents in those units are capped while each property's affordability agreement runs, and you qualify by income; many properties still keep waiting lists.
Equal housing opportunity. Tax credit properties must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin, and they may not refuse an applicant because the applicant holds a Housing Choice (Section 8) voucher (IRC 42(h)(6)(B)(iv)). Properties HUD lists as senior housing may limit who lives there by age only as the Fair Housing Act's housing-for-older-persons exemption allows. To report housing discrimination, call HUD at 1-800-669-9777.
LIHTC Atlas does not own, manage or rent these apartments and does not take applications. Contact each property's management for availability, rents and income rules. Listings come from HUD's database and may be out of date.
Garland Tower Apartments
126 Oriole, Hot Springs, AR 71901
53 studio, 14 1BR, 3 2BR
- Apartments
- 71
- Income-restricted
- 70
- Placed in service
- 2007
Heights At Seneca
325 Terry Street, Hot Springs, AR 71913
24 2BR, 37 3BR
- Apartments
- 61
- Income-restricted
- 60
- Placed in service
- 2020
Home Harbor
501 Malvern Ave, Hot Springs, AR 71901
- Apartments
- 64
- Income-restricted
- 64
- Placed in service
- 1999
Hot Springs High School Lofts
125 Oak St, Hot Springs, AR 71901
1 studio, 6 1BR, 18 2BR, 8 3BR
- Apartments
- 32
- Income-restricted
- 21
- Placed in service
- 2005
Mountain View Heights (Rad)
1002 Illinois; 800 Spring Sts 100 Highrise Circle, Hot Springs, AR 71901
120 studio, 23 1BR, 120 2BR, 95 3BR, 7 4BR
- Apartments
- 365
- Income-restricted
- 365
- Placed in service
- 2019
Park Place Apartments - Hot Springs
125 Oriole St, Hot Springs, AR 71901
44 1BR, 16 2BR, 8 3BR, 3 4BR
- Apartments
- 71
- Income-restricted
- 71
- Placed in service
- 2013
Peaks At Hot Springs
431 Lake Hamilton Dr, Hot Springs, AR 71913
1 studio, 6 1BR, 17 2BR, 24 3BR
- Apartments
- 48
- Income-restricted
- 38
- Placed in service
- 2008
Ridge At Lake Hamilton
329 Amity Rd, Hot Springs, AR 71913
29 1BR, 50 2BR, 17 3BR
- Apartments
- 96
- Income-restricted
- 76
- Placed in service
- 2003
Village At Gulpha Creek
225 Wise Street, Hot Springs, AR 71901
40 3BR
- Apartments
- 40
- Income-restricted
- 32
- Placed in service
- 2019
Source: HUD's national LIHTC database (LIHTCPUB, revised May 28, 2026; projects placed in service through 2024). Properties a state agency has flagged as no longer monitored are left out; properties placed in service after 2024 are not in HUD's database yet.
How tax credit apartments work
Each income-restricted unit has a maximum rent set from the area's income limits: gross rent, including a utility allowance for tenant-paid utilities, can't go above 30% of the income limit for the unit's size. The rent doesn't change with your own income, so a household near the bottom of the range pays the same rent as one near the top. That's different from public housing or a voucher, where you pay a share of what you earn.
To qualify, your household's income has to be at or under the limit the unit is set at, usually 50% or 60% of the area median, and up to 80% in some buildings. Management checks income, and assets, when you apply. A household made up entirely of full-time students generally can't qualify, with exceptions in IRC 42(i)(3)(D) such as single parents and married students filing jointly. More on qualifying.
You can apply with a Housing Choice voucher, and the property can't turn you down because you have one.