About This Property
Savannah Park of Charleston is a 20-unit affordable housing community in Charleston, Arkansas that has served elderly residents since 1996. The property includes eighteen 1-bedroom units and two 2-bedroom units designated as low-income housing. The community is funded through 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Franklin County, AR
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $638 |
| 1 Bedroom | $642 |
| 2 Bedroom | $814 |
| 3 Bedroom | $1,007 |
| 4 Bedroom | $1,381 |
Income Limits - Franklin County, AR
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,950
- Low (80%)
- $30,350
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,650
- Low (80%)
- $34,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,350
- Low (80%)
- $39,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,050
- Low (80%)
- $43,300
- Extremely Low (30%)
- $29,250
- Very Low (50%)
- $29,250
- Low (80%)
- $46,800
- Extremely Low (30%)
- $31,400
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $33,550
- Very Low (50%)
- $33,550
- Low (80%)
- $53,700
- Extremely Low (30%)
- $35,750
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,950 | $30,350 |
| 2 Persons | $17,420 | $21,650 | $34,650 |
| 3 Persons | $21,960 | $24,350 | $39,000 |
| 4 Persons | $26,500 | $27,050 | $43,300 |
| 5 Persons | $29,250 | $29,250 | $46,800 |
| 6 Persons | $31,400 | $31,400 | $50,250 |
| 7 Persons | $33,550 | $33,550 | $53,700 |
| 8 Persons | $35,750 | $35,750 | $57,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Charleston, AR?+
The Fair Market Rent (FMR) for Franklin County, AR is: $638 (Studio), $642 (1BR), $814 (2BR), $1007 (3BR), $1381 (4BR). Actual rent at subsidized properties like Savannah Park of Charleston is typically 30% of household income or less.
What size apartments are available at Savannah Park of Charleston?+
Savannah Park of Charleston offers the following unit types: 18 One-Bedroom, 2 Two-Bedroom units, for a total of 20 units.
What is the price range for apartments in Charleston, AR?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $642, 2-bedroom: $814. Actual rent at Savannah Park of Charleston may be lower for income-eligible households.
Who manages Savannah Park of Charleston?+
Savannah Park of Charleston is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Franklin County, AR?+
For a 4-person household in Franklin County, AR, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,050, Low Income (80% AMI): $43,300. These limits are set by HUD and updated annually.
Who is eligible to live at Savannah Park of Charleston?+
Savannah Park of Charleston primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Savannah Park of Charleston?+
Savannah Park of Charleston is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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