Savoy Place

3450 Desire Parkway, New Orleans, LA 70126

Waiting List Forecast: Closed

check_circleVerified for 2024 by Connor Bailey, Ric Gresia
Rent Beds Baths SqFt
Call for Rents 1 - 4 Beds 1 - 2 Baths 714 - 1,487 Sq Ft

Waitlist Information

The Estates and Jacksons Landing North Waiting List

Go to the public housing authority page for this waiting list >>

Part of The Estates redevelopment, which includes subsidized public housing, affordable tax credit, and market rate units.

In its colorful history, many flags have flown over the vibrant city of New Orleans, still known for its remarkable architecture, fine dining, classic jazz and of course, the annual celebration that is known as Mardi Gras. Experience New Orleans Style living in a spacious home designed for convenience and comfort of the "Big Easy".  Savoy Place Apartments homes are designed with the look and feel of New Orleans style architecture as well as beautifully landscaped grounds. Unit types include town houses and single-family homes.

Dave's Thoughts On Savoy Place

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC programonly 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. 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 Savoy Place has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. Records show this property may have been recently associated with the Public Housing program, which means it could have a new RAD Section 8 Project-Based Rental Assistance contract. LIHTC properties tend to have shorter waiting lists however, since this property may have a project-based subsidy, the waiting list may be much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, if this property has a RAD Section 8 Project-Based Rental Assistance contract, your Section 8 voucher cannot 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 possibly longer waiting list if this is indeed a RAD property.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Savoy Place Amenities

  • Community Room
  • Carpet
  • Private Entrance
  • Linen Closets
  • Full-Size Washer & Dryer Connections
  • Heat and Air
  • Large Closets

Units at Savoy Place

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 714ft2 Call for Price
Two Bedroom (2/1) 1023ft2 Call for Price
Three Bedroom (3/1) 1341ft2 Call for Price
Four Bedroom (4/2) 1487ft2 Call for Price

Income Qualification for Savoy Place

*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 $17,250 / year $19,720 / year $24,860 / year $30,000 / year $35,140 / year $40,280 / year $45,420 / year $50,560 / year
50% AMI for LIHTC Units $28,700 / year $32,800 / year $36,900 / year $41,000 / year $44,300 / year $47,600 / year $50,850 / year $54,150 / year
50% AMI for PBRA Units $28,700 / year $32,800 / year $36,900 / year $41,000 / year $44,300 / year $47,600 / year $50,850 / year $54,150 / year
60% AMI for LIHTC Units $34,440 / year $39,360 / year $44,280 / year $49,200 / year $53,160 / year $57,120 / year $61,020 / year $64,980 / year
80% AMI for PBRA Units $45,950 / year $52,500 / year $59,050 / year $65,600 / year $70,850 / year $76,100 / year $81,350 / year $86,600 / year

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

FAQs for Savoy Place

Does Savoy Place have a waiting list?

Savoy Place has a waiting list. See above for waiting list details.

Are rents subsidized at Savoy Place?

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 Savoy Place?

Savoy Place is managed by The Michaels Organization headquartered in Camden, NJ.

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

In addition to Savoy Place, we list 116 other affordable properties in New Orleans. Learn about these properties here. Our data research shows that there are a total of 9294 affordable units in New Orleans.

When was the Savoy Place listing last updated?

Savoy Place listing on Affordable Housing Online was last updated on 01/17/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Savoy Place

Treasure Village at The Estates

3450 Desire Parkway, New Orleans, Louisiana 70126

Abundance Square

3450 Desire Parkway, New Orleans, Louisiana 70126

2 Oaks

14600 Dwyer Blvd, New Orleans, Louisiana 70129

Delille Inn

6924 Chef Menteur Hwy, New Orleans, Louisiana 70126

Chateau d Orleans

14765 Chef Menteur Hwy, New Orleans, Louisiana 70129

LaSalle Apartments

1113 Canal, New Orleans, Louisiana 70112

Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.