Villas of Savannah
170 Sterling Ln., Savannah, Tennessee 38372
Contact Villas of Savannah
Villas of Savannah is managed by Olympia Management INC.
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!
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price |
| Two Bedroom (2/2) | - | Call for Price |
Eligibility for Villas of Savannah
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 Villas of Savannah.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
|---|---|---|---|---|
| 30% | $14,580 | $19,720 | $24,860 | $30,000 |
| 50% | $23,400 | $26,750 | $30,100 | $33,400 |
| 80% | $37,400 | $42,750 | $48,100 | $53,400 |
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 Villas of Savannah.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person |
|---|---|---|---|---|
| Very Low Income (50%) | $23,400 | $26,750 | $30,100 | $33,400 |
| Low Income (60%) | $28,080 | $32,100 | $36,120 | $40,080 |
Villas of Savannah Details
- 48 one and two bedroom units.
- Low-Income Housing Tax Credit (LIHTC)
- Section 538 Guaranteed Rural Rental Housing
Property Amenities
- Elevator
- Fitness Center
- Computer Lab
- Community Room
- On-Site Manager
- Laundry Facility
- Picnic Area
Unit Amenities
- Washer and Dryer Hookup
- Cable Ready
- Storage
- Oven and Range
- Blinds
- Central Heat & Air
Office Hours
| Day | Hours |
|---|---|
| Monday | 8:00am-2:00pm |
| Tuesday | 8:00am-2:00pm |
| Wednesday | 8:00am-2:00pm |
| Thursday | 8:00am-2:00pm |
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 538 Guaranteed Rural Rental Housing
Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.
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