Savoy

1424 Jefferson St, Oakland, CA 94612

Waiting List Forecast: Likely Short or None

check_circleVerified for 2023 by Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio Bed	1 Bath	204 Sq Ft

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

The Oakland Housing Authority and Satellite Affordable Housing Associates (SAHA) partnered to substantially rehabilitate hotels in the heart of Downtown Oakland that were constructed nearly 100 years ago. The Oaks Hotel was a 7-story, 84-room single room occupancy hotel with shared bathrooms and kitchens. The 6-story Jefferson Inn Hotel was a 65-room hotel with three commercial spaces on the ground floor. The two properties were combined at the ground floor to create a single entrance and lobby on Jefferson Street with 24-hour front desk service.

The newly rehabilitated property, renamed The Savoy, provides 101 full studio apartments for very low-income residents, including formerly homeless residents and those with special needs. The ground floor commercial spaces were also rehabilitated and include the Café 15 bistro, Annie’s Café, and On a Roll delicatessen

Dave's Thoughts On Savoy

Because Savoy participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Savoy Amenities

Elevator
Air Conditioning
Refrigerator
Trash Included
Water Included
Laundry Facilities
Smoke Free
High Speed Internet Access
Wheel Chair Accessible

Units at Savoy

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	204ft²	Call for Price^†

Income Qualification for Savoy

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
30% AMI for PBRA Units	$31,050 / year	$35,500 / year	$39,950 / year	$44,350 / year	$47,900 / year	$51,450 / year	$55,000 / year	$58,550 / year
50% AMI for LIHTC Units	$51,800 / year	$59,200 / year	$66,600 / year	$73,950 / year	$79,900 / year	$85,800 / year	$91,700 / year	$97,650 / year
50% AMI for PBRA Units	$51,800 / year	$59,200 / year	$66,600 / year	$73,950 / year	$79,900 / year	$85,800 / year	$91,700 / year	$97,650 / year
60% AMI for LIHTC Units	$62,160 / year	$71,040 / year	$79,920 / year	$88,740 / year	$95,880 / year	$102,960 / year	$110,040 / year	$117,180 / year
80% AMI for PBRA Units	$78,550 / year	$89,750 / year	$100,950 / year	$112,150 / year	$121,150 / year	$130,100 / year	$139,100 / year	$148,050 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Savoy

Does Savoy have a waiting list?

Savoy probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Savoy?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Savoy?

Savoy is managed by The John Stewart Company headquartered in San Francisco, California.

In addition to Savoy, how many other affordable housing properties (and units) are there in Oakland?

In addition to Savoy, we list 244 other affordable properties in Oakland. Learn about these properties here. Our data research shows that there are a total of 13137 affordable units in Oakland.

When was the Savoy listing last updated?

Savoy listing on Affordable Housing Online was last updated on 01/02/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.