15 Ark. Code of Rules § 86-408

Waiting lists

In Force
Verified 10/22/2026 · Next check 10/29/2026
effective 10/22/2026ArkansasLIHTC (IRC §42)

Operative Text

15 Ark. Code of Rules § 86-408
15 CAR § 86-408. Waiting lists.
(a) The waiting list is required as part of the selection process.
(b) No one should be placed on the waiting list unless he or she has submitted a completed application.
(c) All applications should be logged by date and time received.
(d) The waiting list should have columns for bedroom size, need for subsidy (if available), any other program priorities, need for accommodations for disabled persons, gross income, etc.
(e) If the owner has more than one (1) income level in the LIHTC property, the owner must keep appropriate lists or columns by:
(1) Thirty percent (30%);
(2) Fifty percent (50%);
(3) Sixty percent (60%); or
(4) Other income limit.
Source: Legislative text reproduced verbatim
Plain English

Under 15 Ark. Code R. pt. 86 § 86-408, Low-Income Housing Tax Credit (LIHTC) properties in Arkansas are required to maintain a formal waiting list as part of their tenant-selection process. Only applicants who have submitted a completed application may be placed on the list, and all applications must be logged with the date and time they were received. The waiting list must track relevant details such as bedroom size, subsidy need, disability accommodation needs, and gross income, and properties serving multiple income tiers must maintain separate lists or columns for each applicable income limit (30%, 50%, 60%, or other).

Written by anthropic/claude-sonnet-4.6 · Reviewed on October 22, 2026

Plain English — not legal advice.

For Property Managers

Operators of LIHTC properties subject to 15 Ark. Code R. pt. 86 § 86-408 generally maintain a waiting list that captures the date and time each completed application is received, ensuring no incomplete applications are added. Compliant operators organize the list with columns reflecting bedroom size, subsidy availability, program priorities, disability accommodation needs, and gross income. When a property serves residents at more than one income level, operators maintain distinct lists or clearly separated columns for each income tier—such as 30%, 50%, or 60% of area median income—to demonstrate proper applicant tracking across all program categories.

General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.

For Tenants

Under 15 Ark. Code R. pt. 86 § 86-408, applicants for LIHTC housing in Arkansas have a right to be placed on the waiting list once a completed application has been submitted, and their position should reflect the date and time that application was received. If you believe your application was improperly excluded from the waiting list, logged out of order, or that your income tier was not correctly tracked, you may raise these concerns with the property management in writing. Tenant-rights organizations in Arkansas can help applicants understand how waiting list requirements apply to a particular property and what avenues exist for addressing potential recordkeeping concerns.

General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.

Generated October 22, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.

Effective Timeline

Current
Oct 22, 2026
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References Out

No outbound references recorded yet for this provision.

References In

Rules and statutes that cite this regulation

15 CAR § 86-205
15 CAR § 86-308
15 CAR § 86-410
15 CAR § 86-310

Related Rules

§ 1.42-0
§ 1.42-0 Table of contents.
§ 1.42-0T
§ 1.42-0T Table of contents.
§ 1.42-1
§ 1.42-1 Limitation on low-income housing credit allowed with respect to qualified low-income buildings receiving housing credit allocations from a State or local housing credit agency.