15 Ark. Code of Rules § 86-405

Tenant application process

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

Operative Text

15 Ark. Code of Rules § 86-405
15 CAR § 86-405. Tenant application process.
(a)(1) Because the LIHTC program uses special definitions for income, assets, and household composition, standard property management application forms may not collect sufficient information to determine tenant eligibility.
(2) A comprehensive housing application is critical to the accurate identification of:
(A) Full-time students;
(B) All assets; and
(C) Anticipated income sources.
(3) An updated sample application form is included in this part.
(b)(1) Owners or managers must review all information furnished on the fully completed Application for Housing, including any supplementary historical documents (i.e., most recent 1040 tax form, divorce decree, etc.).
(2) The application procedure must include an interview with all adult household members to:
(A) Review the application and historical documents; and
(B) Clarify any discrepancies or missing information.
(3) For example, if the 1040 form and W-2 forms show two (2) employers but the application only lists one (1), owners must ask about the second job and confirm its termination.
(c)(1) One (1) application signed by all coapplicants should be submitted per household.
(2) Nonrelated roommates should submit separate applications.
(3) If a delay of ninety (90) days occurs between application and move-in, the owner or manager must take another application.
Source: Legislative text reproduced verbatim
Plain English

Section 86-405 of the Arkansas LIHTC regulations establishes a detailed tenant application process for Low-Income Housing Tax Credit (LIHTC) properties, recognizing that standard rental applications may not capture the specific income, asset, and household information the program requires. Owners and managers must conduct in-person interviews with all adult household members to review submitted documents and resolve any inconsistencies. A single application signed by all co-applicants is generally used per household, though unrelated roommates file separately, and a fresh application is required if more than 90 days pass between the original application and move-in.

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

Plain English — not legal advice.

For Property Managers

Operators of LIHTC properties in Arkansas must follow the tenant application process outlined in 15 Ark. Code R. pt. 86 § 86-405, which goes beyond what standard property management forms typically cover. Compliant operators use a comprehensive application form, conduct interviews with every adult household member, cross-reference supplementary documents such as tax returns and W-2s, and resolve any discrepancies before certifying eligibility. Managers also track the timeline between application and move-in, obtaining a new application whenever that gap exceeds 90 days.

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 § 86-405, applicants for LIHTC housing in Arkansas have the right to a thorough and structured application process, which includes an interview where all adult household members can clarify their income, assets, and household composition. If an application was submitted more than 90 days before a scheduled move-in, the property is required to take a new application rather than rely on outdated information. Tenants who believe the application process was not followed correctly may wish to contact a local tenant-rights organization or the Arkansas Development Finance Authority for guidance on available options.

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.