BROOKSTONE PARK OF EL DORADOIncome-based apartments (LIHTC tax credit · Not Reported AMI) in El Dorado, Arkansas
Best fit
Income-qualified renters
Rent
Est. $639 - $1430/mo
Based on local HUD estimates
Floor plans
3 Bed • 4 Bed
Total Units
19
Year Built / Opened
2004
Waitlist expected. Click Check Eligibility below to generate your ready-to-print application materials so you're first in line.
Neighborhood & Amenities
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How Walk Score worksNearby places
Nearest grocery store and school
Grocery store
Walmart, about 0.69 miles away
School
Northwest Elementary School, about 1.65 miles away
How rent works
What this means for you
This property includes LIHTC tax credit · Not Reported AMI. Rent rules can change by unit, so ask the office which program applies to the apartment you want.
LIHTC: These are income-based apartments with rent limits tied to the local Area Median Income (AMI) — not market-rate rent. The local 4-person AMI for the 71730 zip code is $72,948 (2024 data). Rent limits are set from that number. If this property also has rental assistance, some tenants may pay about 30% of adjusted income.
How income limits work
To qualify for these apartments at BROOKSTONE PARK OF EL DORADO, your total household income must fit the local Area Median Income (AMI) limits for El Dorado and the 71730 zip code. The exact rules can vary by program and by household size.
This property includes LIHTC tax credit · Not Reported AMI. Check the program labels on this page and confirm the exact unit rules with management before you apply.
Local Median (1-Person)
$51,063
Local Median (4-Person)
$72,948
Based on the latest 2024 census data, the figures above show the local median earnings for this area. Management will generally require your household income to be at or below 50% of these median figures.
Nearby rent estimates
HUD's Small Area Fair Market Rent, or SAFMR, is a ZIP-code-based fair market rent estimate. It can help you compare what different bedroom sizes may cost in this area.
| Bedroom | 90% | SAFMR | 110% |
|---|---|---|---|
| Studio | $639 | $710 | $781 |
| 1 BR | $648 | $720 | $792 |
| 2 BR | $828 | $920 | $1,012 |
| 3 BR | $999 | $1,110 | $1,221 |
| 4 BR | $1,170 | $1,300 | $1,430 |
These values are only a comparison tool. They do not replace the property's actual rent, and they do not guarantee what you will pay unless your program uses SAFMR directly.
Services & Accessibility
Wheelchair & Mobility AccessVerify
Not explicitly confirmed. Call ahead to verify elevator availability and doorway widths before applying.
Who can live here
Rent-Restricted Units
15 of 19 total
income-restricted tax credit apartments
Rental Assistance
Federal
Qualifying tenants may pay ~30% of income
Rent-Restricted Until
~2004
Minimum 30-year LIHTC legal commitment
Income Limit
Not Reported
Your household income must be at or below this % of Area Median Income
LIHTC compliance period may have ended
Reason recorded: 1. Call management to confirm whether income restrictions and subsidized rents are still in effect.
How do Tax Credit Apartments work?
Brookstone park of el dorado is a Low Income Housing Tax Credit (LIHTC) apartment community in El Dorado, Arkansas. LIHTC properties — also called Section 42 housing or tax credit apartments — are income-restricted rentals developed with federal tax credits administered by state Housing Finance Agencies (HFAs). Qualifying residents pay rent based on a percentage of the Area Median Income (AMI) for El Dorado. Based on 2024 data, the local AMI for the 71730 zip code is $51,063 for a single person and $72,948 for a 4-person household. These figures make El Dorado tax credit apartments among the most affordable rentals available without a Section 8 voucher.
To qualify, your total household income must fall at or below the income limit set for this property — currently Not Reported of AMI. Unlike public housing, LIHTC income-restricted apartments are privately managed and require you to apply directly to the property. Rent is fixed at a discounted rate tied to AMI — not to your specific income — so your monthly payment stays predictable.
By law, LIHTC properties must remain rent-restricted for a minimum of 30 years. Brookstone park of el dorado was placed in service around 2004, keeping rents income-restricted at least through ~2004.
Before You Apply
- Confirm the age rule and income limit
You must be of qualifying age. Your income must fall within HUD's Area Median Income (AMI) limits for El Dorado. Based on the 71730 zip code AMI (2024), this property's 50% income limit is approximately $25,532/yr for 1 person / $36,474/yr for a 4-person household.
- Ask which unit types are actually available
This listing shows historically available units. Ask directly if a unit is open today.
- Verify accessibility before paying any fees
If you use a wheelchair or walker, confirm elevator access and doorway widths before submitting a paid application.
Did you know?LIHTC properties have specific maximum rent limits based on your income and the local Area Median Income (AMI). Read the full guide
Questions People Ask
What are the local income limits around Brookstone park of el dorado?Open
Income limits are calculated against the Area Median Income (AMI) for the 71730 zip code. Based on recent Census data, the local median income is $51,063 for a single person, and $72,948 for a four-person household. Your specific income cap depends on the exact subsidy program rules applied by management.
To view how these median figures translate to specific income caps (e.g., 30%, 50%, or 60% AMI limits) for all household sizes, check out the AMI Calculator .
!Check Your Qualification Instantly
Our eligibility tool automatically cross-references your household size and gross income with the local AMI database for this property to determine your fit.
What are the reported fair market rent amounts for Brookstone park of el dorado?Open
For 71730, the reported fair market rent amounts are Studio $710 ($639 / $781); 1 BR $720 ($648 / $792); 2 BR $920 ($828 / $1,012); 3 BR $1,110 ($999 / $1,221); 4 BR $1,300 ($1,170 / $1,430). These figures are reference points used in housing assistance programs and voucher calculations, but they do not guarantee your lease rent.
| Bedroom | 90% Standard | SAFMR | 110% Standard |
|---|---|---|---|
| Studio | $639 | $710 | $781 |
| 1 BR | $648 | $720 | $792 |
| 2 BR | $828 | $920 | $1,012 |
| 3 BR | $999 | $1,110 | $1,221 |
| 4 BR | $1,170 | $1,300 | $1,430 |
The 90%, 100%, and 110% columns show the range around the base SAFMR value for each reported bedroom size. If you are using a voucher or other subsidy, ask management which standard they use for your unit size.
How far is the nearest grocery store from Brookstone park of el dorado?Open
Walmart is about 0.69 miles away from Brookstone park of el dorado.
How far is the nearest school from Brookstone park of el dorado?Open
Northwest Elementary School is about 1.65 miles away from Brookstone park of el dorado.
What unit types are reported at Brookstone park of el dorado?Open
This record reports: 3 Bed • 4 Bed. Availability can change rapidly, so ask management which layouts are currently open and whether any accessible units are available.
What are the income limits to qualify at Brookstone park of el dorado?Open
Brookstone park of el dorado is a Low Income Housing Tax Credit (LIHTC) property. HFA records indicate the income ceiling is set at Not Reported. This means your household income must be at or below that percentage of the Area Median Income (AMI) for el dorado. Based on 2024 Census data, the local median income for the 71730 zip code is $51,063 for a single person and $72,948 for a 4-person household. Management will verify income during the application process.
To view the specific income caps (e.g. 30%, 50%, or 60% AMI limits) for all household sizes, check out the AMI Calculator .
!Check Your Qualification Instantly
Our eligibility tool automatically cross-references your household size and gross income with the local AMI database for this property to determine your fit.
How long will Brookstone park of el dorado remain affordable housing?Open
LIHTC properties are required by law to remain affordable for a minimum of 30 years from the date they were placed in service (Brookstone park of el dorado was placed in service around 2004, so rent restrictions are secured at least until ~2034). After that period, the owner can choose to exit the program or renew. Ask management about the property's current compliance end date.
Does Brookstone park of el dorado have rental assistance?Open
Yes. HFA records show this property has federal project-based rental assistance. This means qualifying tenants may pay as little as 30% of their adjusted monthly income toward rent, with the assistance contract covering the remainder. Confirm with management which units carry the rental assistance and whether any are currently available.
Is Brookstone park of el dorado a new building?Open
Yes. HFA records classify this as a new construction LIHTC property, meaning units were purpose-built as affordable housing rather than converted from existing stock. New construction properties often feature modern layouts and energy-efficient systems. It's worth asking management about the age of appliances and any known maintenance issues before applying.
Is Brookstone park of el dorado still operating as affordable housing?Open
HUD records indicate this property may no longer be actively monitored under the LIHTC compliance program (reason: 1). This does not necessarily mean it is market-rate — some properties voluntarily maintain affordability after the compliance period ends. Call management directly to confirm the current rent structure and any remaining income restrictions.