Affordable Housing In Savannah
Hardin County, Tennessee

11 Low Income Apartment Communities In Savannah

Hunter Hill Apartments

20 Hunter Hill Dr
Savannah, TN
Income Based
2-3 BR
Subsidized

Savannah Apartments

230 Ryan St.
Savannah, TN
Call For Rent
1-3 BR
Subsidized

Southwood Apartments

150 Austin St
Savannah, TN
HCV Welcome
Subsidized

Cypress Gardens Apartments

200 Lewis St
Savannah, TN

BHI Savannah Project

300 Austin St
Savannah, TN
HCV Welcome
Supportive Housing

McKendree Oaks At Savannah

1650 Florence Rd
Savannah, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

95 Bain Rd

95 Bain Rd
Savannah, TN

May Rose Place Apartments

1070 Florence Rd
Savannah, TN
HCV Welcome

Cypress Garden Apartments

1201 Lewis St
Savannah, TN
HCV Welcome

Savannah Apartments

1900 Stout St
Savannah, TN
HCV Welcome

Housing Authorities that serve Savannah

Housing Authority Programs
Savannah Housing Authority Public Housing
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV)
Tennessee Housing Development Agency West Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-sufficiency; Veteran Affairs Supportive Housing (VASH); Mainstream Voucher

Guide To Affordable Housing in Savannah, Tennessee

There are 11 low income housing apartment communities offering 520 affordable apartments for rent in Savannah, Tennessee. Savannah features 321 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 199 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Savannah.

Sourced from federal housing data and AffordableHousingOnline.com research.

Savannah, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 520
Total Housing Units with Rental Assistance 321
Percentage of Housing Units Occupied By Renters 40.49%
Average Renter Household Size 2.15
Average Household Size 2.38
Median Household Income $26,502 ±$3,768
Median Rent $580 ±$55
Percentage Of Renters Overburdened 35.45% ± 10.1pp
Total Population 7,032

Population and Household Demographics

Savannah is a City in Hardin County, Tennessee with a population of 7,032. There are 2,801 households in the city with an average household size of 2.38 persons. 40.49% of households in Savannah are renters.

Income and Rent Overburden in Savannah

The median gross income for households in Savannah is $26,502 a year, or $2,209 a month. The median rent for the city is $580 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Savannah, a household making less than $1,933 a month would be considered overburdened when renting an apartment at or above the median rent. 35.45% of households who rent are overburdened in Savannah.1

Area Median Income In Savannah

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Savannah, the AMI is calculated from all households within Hardin County.

In Savannah, HUD calculates the Area Median Income for a family of four as $52,200

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Savannah

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Savannah HUD Rental Assistance in Savannah

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $28,350 $30,450 $32,550 $34,650
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
80% of Median $29,400 $33,600 $37,800 $42,000 $45,400 $48,750 $52,100 $55,450
Low Income Housing Tax Credits in Savannah

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1989 to 2011, 4 low income apartment communities containing 197 rental apartments have been constructed and made affordable to low income persons in Savannah by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Savannah

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,400 $21,000 $23,650 $26,250 $28,350 $30,450 $32,550 $34,650
60% of Median $22,080 $25,200 $28,380 $31,500 $34,020 $36,540 $39,060 $41,580

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Savannah is $28,380 a year, or $2,365 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,365 by 30% to get a maximum rent of $710 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $460 $493 $591 $683 $761 $840
60% $552 $591 $710 $819 $914 $1,008
Fair Market Rents in Savannah

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$516 $516 $680 $847 $1,034