Gillespie Gardens

505 W. 15th Ave., Cordele, Georgia 31015

Contact Gillespie Gardens

Gillespie Gardens is located on approximately five acres in the Gillespie-Selden Urban Redevelopment Area. It involves the adaptive reuse of four historic buildings, along with the construction of a three-story building that complements the existing structures. With 53 housing units, Gillespie Gardens will offer a mix of efficiency and 1-, 2-, or 3-bedroom units, catering to individuals and families with incomes below 60% of the area median income.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price

This property is currently under construction.

Eligibility for Gillespie Gardens

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 Cordele but actual income limits may differ for units at Gillespie Gardens.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person
Very Low Income (50%)	$22,750	$26,000	$29,250	$32,500	$35,100	$37,700
Low Income (60%)	$27,300	$31,200	$35,100	$39,000	$42,120	$45,240

Gillespie Gardens Details

53 one, two and three bedroom units.
Low-Income Housing Tax Credit (LIHTC)

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.