In 2006, Mercy Housing assumed ownership of the Rose of Sharon, a 12-story senior property located in the National Landmark Historic District in Savannah, Georgia. Many homes in this area sell for more than $1 million, making affordable housing for seniors a real challenge. After acquiring the property significant improvements were made including installation of a new heating and air conditioning system and a new fire sprinkler system. A new roof along with upgrades in common areas and individual units were also completed.
Waiting List is Open Until Further Notice
Some units at this property are available through Housing Authority of Savannah's Rose of Sharon, Sustainable Fellwood, and The Veranda Senior Section 8 Project-Based Voucher Waiting List. Learn how to apply to this waiting list here.Eligibility for Rose of Sharon
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Savannah but actual income limits may differ for units at Rose of Sharon.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $18,550 | $21,200 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% | $30,950 | $35,350 | $39,750 | $44,150 | $47,700 | $51,250 | $54,750 | $58,300 |
| 80% | $49,450 | $56,500 | $63,550 | $70,600 | $76,250 | $81,900 | $87,550 | $93,200 |
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 Savannah but actual income limits may differ for units at Rose of Sharon.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| Very Low Income (50%) | $30,950 | $35,350 | $39,750 | $44,150 | $47,700 | $51,250 | $54,750 | $58,300 |
| Low Income (60%) | $37,140 | $42,420 | $47,700 | $52,980 | $57,240 | $61,500 | $65,700 | $69,960 |
Rose of Sharon Details
- 217 bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Low-Income Housing Tax Credit (LIHTC)
- Section 221 (d) (3)
- Section 236
Property Amenities
- Library
- Resident Service Coordinator
- Laundry Facilities
Unit Amenities
- Air Conditioning
Nearby Amenities
- Close to Public Transportation
Section 8 Project-Based Rental Assistance (PBRA)
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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 236
Apartment communities that participate in the Section 236 program are required to ensure that their units are only available to families with incomes at or below 80% of the area median income. Rents at participating communities must be approved by HUD.
Images of Rose of Sharon
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