170 Sterling Ln., Savannah, TN 38372
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 2 Beds | 1 - 2 Baths | - |
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.
Come home to the Villas of Savannah, conveniently located in Savannah, Tennessee for residents aged 55 and older. Select from 1- or 2-bedroom floor plans, each equipped with central heat/air, cable hookups, washer/dryer connections, kitchen appliances, privacy mini-blinds and plenty of extra storage.
Residents appreciate the convenience of an on-site community room with exercise facility, computer center and laundry, along with an outdoor picnic area on the grounds for special events and family gatherings. Your new apartment home is conveniently close to lots of shops and restaurants along Florence Road, and we even cover water/sewer and garbage removal for you!
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 Villas of Savannah 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 |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 30% AMI for PBRA Units | $14,580 / year | $19,720 / year | $24,860 / year | $30,000 / year |
| 50% AMI for LIHTC Units | $23,400 / year | $26,750 / year | $30,100 / year | $33,400 / year |
| 50% AMI for PBRA Units | $23,400 / year | $26,750 / year | $30,100 / year | $33,400 / year |
| 60% AMI for LIHTC Units | $28,080 / year | $32,100 / year | $36,120 / year | $40,080 / year |
| 80% AMI for PBRA Units | $37,400 / year | $42,750 / year | $48,100 / year | $53,400 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Villas of Savannah have a waiting list?
Villas of Savannah 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 Villas of Savannah?
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 Villas of Savannah?
Villas of Savannah is managed by Olympia Management INC headquartered in Albertville, AL.
In addition to Villas of Savannah, how many other affordable housing properties (and units) are there in Savannah?
In addition to Villas of Savannah, we list 12 other affordable properties in Savannah. Learn about these properties here. Our data research shows that there are a total of 554 affordable units in Savannah.
When was the Villas of Savannah listing last updated?
Villas of Savannah listing on Affordable Housing Online was last updated on 03/07/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.Irina Petrova says:
"I recommend for everyone who needs information about Section 8 or Public Housing to use Affordable Housing Online."