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Savoy Place at The Estates

3450 Desire Parkway, New Orleans, Louisiana 70126

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.

Savoy Place at The Estates Details

  • 290 bedroom units.
  • Public Housing
  • Low-Income Housing Tax Credit (LIHTC)

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

Low-Income Housing Tax Credit (LIHTC)

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.

New Orleans HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in New Orleans but actual income limits may differ for units at Savoy Place at The Estates.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $14,800 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $24,650 $28,200 $31,700 $35,200 $38,050 $40,850 $43,650 $46,500
80% $39,450 $45,050 $50,700 $56,300 $60,850 $65,350 $69,850 $74,350

New Orleans Low-Income Housing Tax Credit Income Limits

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 New Orleans but actual income limits may differ for units at Savoy Place at The Estates.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $24,650 $28,200 $31,700 $35,200 $38,050 $40,850 $43,650 $46,500
Low Income (60%) $29,580 $33,840 $38,040 $42,240 $45,660 $49,020 $52,380 $55,800

Savoy Place at The Estates is managed by The Michaels Organization.

Image of Savoy Place at The Estates

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