The Official Website of the South Carolina State Housing Finance & Development Authority

Year 15 Properties

Year 15 Properties

Please Note:  This information is provided for the sole purpose of providing a “clearing house service to the multifamily affordable rental housing community and not as an endorsement of any individual interested party, either buyer or seller. SC Housing continually receives requests to identify either (1) properties whose owners are interested in selling or (2) individuals, partnerships or non-profits, etc. who might be interested in obtaining existing affordable multifamily rental properties. All properties listed and described on this page have been approved for inclusion by the property’s ownership entity. It is the intent of SC Housing to market the properties identified solely in compliance with the IRS Code Section 42(h)(6)(E)(i)(II).

Property Name & Location: 

Falls Landing Apartments   
1146 Old Central Road
Central, SC  29631 
    

Qualified Contract Price: $5,516,026.00

Property Details and Summary Information:
Ten (10) multi-story vinyl-sided buildings consisting of 76 units targeted for families. Amenities include: On site laundry facility, playground, picnic areas with tables, car wash area, washer and dryer connections in units, etc.   
 
LIHTC Units:  76
Market Rate Units:  0
Total Rental Units:  76
On Site Manager:  Yes
Land Size:  25.98 acres
LIHTC Project ID:  96028

Unit Description:

Bedroom Mix

Bedroom Square
Footage

Number
of Units

Monthly Gross
Rent per Unit

Income
Targeting

2 Bedroom

900

14

$681

50%

2 Bedroom

900

14

$817

60%

3 Bedroom

1050

48

$944

60%


Twenty percent (20%) of the units are targeted to families whose income is 50% or less of the area median gross income and 80% are targeted to families whose income is 60% or less of the median gross income.



Sterling Woods Apartments   
423 Lindsay Road
Clemson, SC  29631 
    

Qualified Contract Price: $6,589,784.00

Property Details and Summary Information:
Five (5) multi-story vinyl-sided buildings consisting of 70 units targeted for families. Amenities include: On site laundry facility, playground, picnic areas with tables, car wash area, washer and dryer connections in units, etc.   
 
LIHTC Units:  70
Market Rate Units:  0
Total Rental Units:  70
On Site Manager:  Yes
Land Size:  5.48 acres
LIHTC Project ID:  96021

Unit Description:

Bedroom Mix

Bedroom Square
Footage

Number
of Units

Monthly Gross
Rent per Unit

Income
Targeting

2 Bedroom

900

15

$681

50%

2 Bedroom

900

15

$817

60%

3 Bedroom

1050

42

$944

60%


Twenty percent (20%) of the units are targeted to families whose income is 50% or less of the area median gross income and 80% are targeted to families whose income is 60% or less of the median gross income.



St. Andrews Pointe Apartments 
1510 St. Andrews Road
Columbia, SC 29210


Qualified Contract Price: $12,844,588.00

Property Details and Summary Information:
Nineteen (19) multi-story wood and vinyl-sided buildings consisting of 150 units targeted for families. Amenities include: On site laundry facility, community building, playground, picnic area, swimming pool, dog park, units wired for cable television, sidewalk access to parking, etc.

LIHTC Units: 150
Market Rate Units: 0
Total Rental Units: 150
On Site Manager: Yes
Land Size: 17.79 acres
LIHTC Project ID: 93024

Unit Description:

Bedroom Mix

Bedroom Square
Footage

Number
of Units

Monthly Gross
Rent per Unit

Income
Targeting

2 Bedroom

1,106

8

$947

60%

3 Bedroom

1,196

142

$947

60%


Development units are targeted to families whose income is 60% or less of the area median gross income.



Bluffton House Apartments - Phase I
20 Simmonsville Road
Bluffton, SC 29910


Qualified Contract Price: $11,279,977.00

Property Details and Summary Information:
Eleven (11) multi-story masonry sided buildings consisting of 120 units targeted for families. Amenities include: On site laundry facility, swimming pool, units wired for cable television, sidewalk access to parking, patios and balconies, etc.

LIHTC Units: 120
Market Rate Units: 0
Total Rental Units: 120
On Site Manager: Yes
Land Size: 13.45 acres
LIHTC Project ID: 94063

Unit Description:

Bedroom Mix

Bedroom Square
Footage

Number
of Units

Monthly Gross
Rent per Unit

Income
Targeting

2 Bedroom

943

32

$760-$783

60%

3 Bedroom

1,081

88

$830-$842

60%


Development units are targeted to families whose income is 60% or less of the area median gross income.



Bluffton House Apartments - Phase II

20 Simmonsville Road
Bluffton, SC 29910


Qualified Contract Price: $9,156,812.00

Property Details and Summary Information:
Eight (8) multi-story masonry sided buildings consisting of 96 units targeted for families. Amenities include: On site laundry facility, playgound, tennis courts, soccer field, units wired for cable television, sidewalk access to parking, patios and balconies, etc.

LIHTC Units: 96
Market Rate Units: 0
Total Rental Units: 96
On Site Manager: Yes
Land Size: 12 acres
LIHTC Project ID: 95057

Unit Description:

Bedroom Mix

Bedroom Square
Footage

Number
of Units

Monthly Gross
Rent per Unit

Income
Targeting

2 Bedroom

943

32

$760-$783

60%

3 Bedroom

1,081

64

$830-$842

60%


Development units are targeted to families whose income is 60% or less of the area median gross income



Bluffton House Apartments - Phase III 
20 Simmonsville Road
Bluffton, SC 29910


Qualified Contract Price: $5,121,490.00

Property Details and Summary Information:
Four (4) multi-story masonry sided buildings consisting of 64 units targeted for families. Amenities include: On site laundry facility, playgound, tennis courts, soccer field, units wired for cable television, sidewalk access to parking, patios and balconies, etc.

LIHTC Units: 51
Market Rate Units: 13
Total Rental Units: 64
On Site Manager: Yes
Land Size: 12 acres
LIHTC Project ID: 97023

Unit Description:

Bedroom Mix

Bedroom Square
Footage

Number
of Units

Monthly Gross
Rent per Unit

Income
Targeting

2 Bedroom

943

24

$760-$783

60%

3 Bedroom

1,081

27

$830-$842

60%

3 Bedroom

1,081

13

$905

market


Development units are targeted to families whose income is 60% or less of the area median gross income


The Legends at Lake Murray Apartments
1220 Meredith Drive
Columbia, SC 29212


Qualified Contract Price: $16,283,334

Property Details and Summary Information:
Nineteen (19) multi-story brick and vinyl-sided buildings consisting of 180 units targeted for families. The development consists of townhouses and garden-type apartments.  Amenities include: On site laundry facility, washer and dryer connections in units, playground, swimming pool, units wired for cable television, balcony/patio/sumrooms, sidewalk access to parking, sprinkler/irrigation system, , etc.

LIHTC Units: 180
Market Rate Units: 0
Total Rental Units: 180
On Site Manager: Yes
Land Size: 27 acres
LIHTC Project ID: 94049

Unit Description:

Bedroom Mix

Bedroom Square
Footage

Number
of Units

Monthly Gross
Rent per Unit

Income
Targeting

2 Bedroom

954

36

$735

60%

2 Bedroom

858

2

$810

60%

3 Bedroom

1,048

4

$909

60%

2 BR Townhouse

1,093

52

$744

60%

3 BR Townhouse

1,309

86

$880

60%



One hundred percent (100%) of the units are targeted to families whose income is 60% or less of the area median gross income.


For Information contact:  Laura Nicholson, Development Director 
South Carolina State Housing Finance & Development Authority
300-C Outlet Pointe Blvd.
Columbia, SC 29210
Ph: (803) 896-9190
Email: 
laura.nicholson@schousing.com