500 Pennsylvania Ave, Savannah, GA 31404
Waiting List Forecast: Likely Short or None
Verified for 2018 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 860 - 1,285 Sq Ft |
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.
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.
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. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Savannah Gardens, Phase III does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, 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 have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 860ft2 | Call for Price† |
| 2 Bedroom (2/2) | 1077ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1285ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,950 / year | $35,350 / year | $39,750 / year | $44,150 / year | $47,700 / year | $51,250 / year |
| 50% AMI for PBRA Units | $30,950 / year | $35,350 / year | $39,750 / year | $44,150 / year | $47,700 / year | $51,250 / year |
| 60% AMI for LIHTC Units | $37,140 / year | $42,420 / year | $47,700 / year | $52,980 / year | $57,240 / year | $61,500 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Savannah Gardens, Phase III have a waiting list?
Savannah Gardens, Phase III 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 Savannah Gardens, Phase III?
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 Savannah Gardens, Phase III?
Savannah Gardens, Phase III is managed by Mercy Housing headquartered in Denver, Colorado.
In addition to Savannah Gardens, Phase III, how many other affordable housing properties (and units) are there in Savannah?
In addition to Savannah Gardens, Phase III, 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.
501 Pennsylvania Ave, Savannah, Georgia 31404
1355 Bradley Blvd, Savannah, Georgia 31419
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