Qualifications
The Savoy at Lake City provides luxurious living to residents 55 and older.
Included:
- Free Internet
- Free Cable TV and DVR
- Free Phone and Voicemail
MFTE Program
The Savoy at Lake City is proud to participate in the Multifamily Property Tax Exemption (MFTE) program. This program provides a tax exemption on new multifamily buildings in exchange for setting aside 20-25% of the homes as income- and rent-restricted. By supporting mixed-income residential development in the urban centers, the MFTE program ensures affordability as the community grows.
In order to qualify for MFTE homes at The Savoy, household income must be below 65% of the area median income for Studios, below 75% for 1 bedrooms, and below 85% for 2 bedrooms.
Please contact us for more information.