SavannahPark of Farmington

102 Old Depot Rd, Farmington, Arkansas 72730

Wow what a property this is!! Beautifully renovated with washer dryer hook up, 24 hour emergency maintenance, pest control, lawn care, patios, beautiful community room with a computer lab, and exercise equipment! This property is close to everything! The units are generously spacious, with large closets, and outside storage areas. Right up the road from Fayetteville for your dining, shopping, and entertainment enjoyment!

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 630 Call for Price
2 Bedroom (2/1) 765 Call for Price

SavannahPark of Farmington Details

  • 36 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 8 Project-Based Rental Assistance

Property Amenities

  • Fitness Center
  • BBQ/Picnic Area
  • Energy Star Appliances
  • Laundry Room(s)
  • Experienced Management
  • Peaceful Community
  • Snow Removal
  • Lawn Care
  • Computer Room
  • Beautiful Landscape
  • Park Area With BBQ Grills, Picnic Tables & Gazebos
  • Resident Activities

Unit Amenities

  • Ceiling Fan(s)
  • Garbage Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Walk-in Closet(s)
  • Spacious Closets
  • Refrigerator
  • Extra Storage
  • Sewer Included
  • Trash Included
  • Bathroom Grab Bars
  • Energy Saving Windows
  • Central Heat & Air
  • Stove
  • Programmable Thermostats
  • Cable & Internet Ready
  • Mini Blinds & Curtain Rods
  • Private Porch
  • Outside Storage Closets

Nearby Amenities

  • Near Shopping

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

Farmington Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Farmington but actual income limits may differ for units at SavannahPark of Farmington.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,250 $30,000 $33,750 $37,450 $40,450 $43,450 $46,450 $49,450
Low Income (60%) $31,500 $36,000 $40,500 $44,940 $48,540 $52,140 $55,740 $59,340

SavannahPark of Farmington is managed by Belmont Management Company.