About This Property
Savannah Park of Charleston I and II comprises 52 low-income residential units in Charleston, Arkansas. The community offers 44 one-bedroom and 8 two-bedroom units to serve Franklin County residents.
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 I and Ii is typically 30% of household income or less.
What size apartments are available at Savannah Park of Charleston I and Ii?+
Savannah Park of Charleston I and Ii offers the following unit types: 44 One-Bedroom, 8 Two-Bedroom units, for a total of 52 units.
Who manages Savannah Park of Charleston I and Ii?+
Savannah Park of Charleston I and Ii is managed by . You can reach them at . Visit their website for more information.
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 I and Ii may be lower for income-eligible households.
How do I apply for housing at Savannah Park of Charleston I and Ii?+
Savannah Park of Charleston I and Ii 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.
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.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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