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Savannah Park of Tahlequah

900 S Sandstone Ave, Tahlequah, Oklahoma 74464

SavannahPark is a small apartment complex in Tahlequah, OK. This complex is for all qualifying applicants that are age 62 or older, handicapped or disabled regardless of age.  It offers wheelchair access to the office, community room and mail boxes.

SavannahPark is located close to banks, pharmacies, Walmart, Dollar General, NEO University, Tahlequah Public Schools, Chili's, Ruby's, Taco Bell and several other restaurants. NEO University and Tahlequah Public Schools are in close distance to SavannahPark. There are also a few convenience stores just down the road from the property.

Tahlequah is best known as the Capital of Cherokee and Keetowah Nation. Tahlequah is where the main headquarters is for Cherokee Nation is located. Every July they hold an event to celebrate the Indian Heritage with a carnival festival with vendors of clothes, food and toys.

SavannahPark is a great place to live with friendly neighbors enjoying the quiet slower paced environment.  It has on-site management, maintenance and laundry facility. Lawns are mowed and groomed on a regular basis so all you have to do is move in and start enjoying that peaceful easy living!

Savannah Park of Tahlequah Details

  • 24 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • HOME Investment Partnerships Program
  • Section 521 USDA Rental Assistance

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Tahlequah 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 Tahlequah but actual income limits may differ for units at Savannah Park of Tahlequah .

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $20,800 $23,750 $26,700 $29,650 $32,050 $34,400 $36,800 $39,150
Low Income (60%) $24,960 $28,500 $32,040 $35,580 $38,460 $41,280 $44,160 $46,980

Savannah Park of Tahlequah is managed by Belmont Management Company.

Image of Savannah Park of Tahlequah

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