Shannon Lake

1 Ravinia Dr, Atlanta, Georgia 30346

Contact Shannon Lake

Shannon Lake is a 152 unit LIHTC property located in Atlanta, GA . The site was placed in service in 1996 after Acquisition and Rehab by the ownership team. The subject property is considered a TCEP tax credit deal , the annual LIHTC allocation amount is $772,047.00 ,and the property provides housing for households with incomes at or below 60% AMGI.

Unit (Bd/Ba)	Ft²	Rent
1 Bedroom (1/1)	830	Call for Price
2 Bedroom (2/2)	1150	Call for Price

Eligibility for Shannon Lake

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 Atlanta but actual income limits may differ for units at Shannon Lake.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$35,750	$40,850	$45,950	$51,050
Low Income (60%)	$42,900	$49,020	$55,140	$61,260

Shannon Lake Details

152 one and two bedroom units.
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Business Center
On-Site Manager
Pool
Grilling Area
On-Site Maintenance

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Garbage Disposal
Window Coverings
Oven and Range
Stainless Steel Appliances

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.