322 E Taylor St, Savannah, GA 31401
Waiting List Forecast: Open Until Further Notice
Verified for 2023 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Rose of Sharon, Sustainable Fellwood, and The Veranda Waiting List
The Housing Authority of Savannah (HAS) is accepting Senior Section 8 Project-Based Voucher waiting list applications for apartments at Rose of Sharon, Sustainable Fellwood, and The Veranda apartments from the earliest confirmed date of February, 2020, until further notice.
To apply while the waitlist is open, complete the online application.
Preferences have not yet been confirmed.
It is not known how applicants will be placed on the waiting list.
For more information, visit the HAS website.
Sources: This information was verified by the HAS on November 10, 2022 and updated on November 27, 2023.
Go to the public housing authority page for this waiting list >>
In 2006, Mercy Housing assumed ownership of the Rose of Sharon, a 12-story senior property located in the National Landmark Historic District in Savannah, Georgia. Many homes in this area sell for more than $1 million, making affordable housing for seniors a real challenge. After acquiring the property significant improvements were made including installation of a new heating and air conditioning system and a new fire sprinkler system. A new roof along with upgrades in common areas and individual units were also completed.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Rose of Sharon has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,550 / year | $21,200 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $30,950 / year | $35,350 / year | $39,750 / year | $44,150 / year | $47,700 / year | $51,250 / year | $54,750 / year | $58,300 / year |
| 50% AMI for PBRA Units | $30,950 / year | $35,350 / year | $39,750 / year | $44,150 / year | $47,700 / year | $51,250 / year | $54,750 / year | $58,300 / year |
| 60% AMI for LIHTC Units | $37,140 / year | $42,420 / year | $47,700 / year | $52,980 / year | $57,240 / year | $61,500 / year | $65,700 / year | $69,960 / year |
| 80% AMI for PBRA Units | $49,450 / year | $56,500 / year | $63,550 / year | $70,600 / year | $76,250 / year | $81,900 / year | $87,550 / year | $93,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Rose of Sharon have a waiting list?
Rose of Sharon has a waiting list. See above for waiting list details.
Are rents subsidized at Rose of Sharon?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Rose of Sharon?
Rose of Sharon is managed by Mercy Housing headquartered in Denver, Colorado.
In addition to Rose of Sharon, how many other affordable housing properties (and units) are there in Savannah?
In addition to Rose of Sharon, we list 142 other affordable properties in Savannah. Learn about these properties here. Our data research shows that there are a total of 5354 affordable units in Savannah.
When was the Rose of Sharon listing last updated?
Rose of Sharon listing on Affordable Housing Online was last updated on 01/03/2023 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.
501 Pennsylvania Ave, Savannah, Georgia 31404
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