Located in Savannah’s historic neighborhood, Savannah Gardens Phase III Apartments is part of the redevelopment of Strathmore Estates, a 44-acre site that contained 380 units of substandard rental housing located on Savannah’s East Side. Mercy Housing partnered with CHSA Development and the City of Savannah to redevelop this community, first built in the 1940s. The entire Savannah Gardens project is part of an EarthCraft Costal Community ensuring sustainable development and energy efficiency. Savannah Gardens Phase III Apartments features one-, two- and three-bedroom apartment homes for families.
|1 Bedroom (1/1)||860||Call for Price|
|2 Bedroom (2/2)||1077||Call for Price|
|3 Bedroom (3/2)||1285||Call for Price|
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 Savannah but actual income limits may differ for units at Savannah Gardens, Phase III.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$30,950||$35,350||$39,750||$44,150||$47,700||$51,250||$54,750||$58,300|
|Low Income (60%)||$37,140||$42,420||$47,700||$52,980||$57,240||$61,500||$65,700||$69,960|
Savannah Gardens, Phase III is managed by Mercy Housing.
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.