Savannah Gardens
222 E Savannah St
Detroit, Wayne County, Michigan 48203

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Funding Programs

Savannah Gardens was developed and operates with Federal housing financing. The property utilizes the Low Income Housing Tax Credit Federal housing program to make rent affordable to lower income tenants.

Low Income Housing Tax Credit

The property was developed using the Low Income Housing Tax Credit Program. This program incentivizes investors to inject capital into rental apartments for lower income Americans. The property received a tax credit allocation in 2001. The property was placed in service in 2003. 11 of 11 units at Savannah Gardens are low income and subject to the tax credit program. The property, at the time of the tax credit allocation, was located in a Qualified Census Tract qualifying it for additional tax credit financing.

Overview

Savannah Gardens is an affordable apartment community located in Detroit, Michigan which is located in Wayne County. The property is located in Michigan's 14th Congressional District served by Representative Brenda Lawrence (D), Senator Gary Peters (D) and Senator Debbie Stabenow (D).

Savannah Gardens is an apartment community containing 11 rental units. This property serves all family types. The property contains 33 bedrooms and based on typical apartment occupancy limits, Savannah Gardens is home to not more than 66 persons when fully occupied.

Rental Subsidies

This property does not provide any Federal rent subsidies to renters reducing total tenant payments to 30% of their adjusted income. Renters are required to pay the full rent, even if it is in excess of 30% of their income. In some cases the property may accept Section 8 Housing Choice vouchers.

Unit Mix

Savannah Gardens contains a mix of 11 assisted three bedroom apartments for rent. There are 11 Three Bedroom apartments in this property. The unit mix is 100% Three Bedroom apartment rentals. The average bedroom size for Savannah Gardens is 3.

Michigan's 14th

Congressional District

11

Total Units

11

Tax Credit Units

Three

Unit Mix

3

Average Bedroom Size

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† These counts are estimates based on the data available from HUD. Learn More About Our Data