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 State 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 State Housing to market the properties identified solely in compliance with the IRS Code Section 42(h)(6)(E)(i)(II).
Property Name & Location:
Chimney Ridge Apartments-Phase I
300 Pametto Park Blvd.
Lexington, SC 29072
Qualified Contract Price: $13,501,577.00
Property Details and Summary Information:
Ten (10) multi-story brick and vinyl buildings consisting of 152 units targeted for families. Amenities include: fitness center, playground, swimming pool, volley ball court, etc.
LIHTC Units: 152
Market Rate Units: 0
Total Rental Units: 152
On Site Manager: Yes
Land Size: 15.687 acres
LIHTC Project ID: 94064
Unit Description:
|
Bedroom Mix |
Bedroom Square |
Monthly Gross Rent |
|
1 Bedroom |
698 |
$663 |
|
2 Bedroom |
951 |
$781 |
|
3 Bedroom |
1070 |
$897 |
Twenty percent (20%) of the units are targeted to families whose incomes are 50% or less of the area median gross income and eighty percent (80%) are targeted to families whose incomes are 60% or less of the area median gross income.
Chimney Ridge Apartments-Phase II
300 Pametto Park Blvd.
Lexington, SC 29072
Qualified Contract Price: $4,445,609.00
Property Details and Summary Information:
Three (3) multi-story brick and vinyl buildings consisting of 48 units targeted for families. Amenities include: fitness center, playground, etc.
LIHTC Units: 48
Market Rate Units: 0
Total Rental Units: 48
On Site Manager: Yes
Land Size: 4.04 acres
LIHTC Project ID: 95049
Unit Description:
|
Bedroom Mix |
Bedroom Square |
Monthly Gross Rent |
|
1 Bedroom |
698 |
$663 |
|
2 Bedroom |
951 |
$781 |
|
3 Bedroom |
1070 |
$897 |
One hundred percent (100%) of the units are targeted to families whose incomes are 60% or less of the area median gross income.
Arbor Village Homes
1-29 Arbor Lane & 4-52 Canopy Lane
St. Helena Island, SC 29920
Qualified Contract Price: $8,265,159.00
Property Details and Summary Information:
Fifty-six (56) vinyl and brick single family homes targeted for families. Amenities include: playground, dishwashers, disposals, pre-wired for cable television, balcony, sunrooms and/or patios, etc.
LIHTC Units: 56
Market Rate Units: 0
Total Rental Units: 56
On Site Manager: No
Land Size: 38 +/- acres
LIHTC Project ID: 94039
Unit Description:
|
Bedroom Mix |
Bedroom Square |
Number |
Monthly Gross |
Income |
|
3 Bedroom |
1235 |
2 |
$862 |
50% |
|
3 Bedroom |
1235 - 1265 |
20 |
$1,044 - $1,136 |
60% |
|
4 Bedroom |
1343 |
7 |
$962 |
50% |
|
4 bedroom |
1343 - 1365 |
22 |
$1,044 - $1,136 |
60% |
Sixteen percent (16%) of the units are targeted to families whose incomes are 50% or less of the area median gross income and eighty-four percent (84%)of the units are targeted to families whose incomes are 60% or less or the median gross income.
Fairfield Estates
1 Brindlewood Drive & Avalon Drive
Beaufort, SC 29907
Qualified Contract Price: $7,772,041.00
Property Details and Summary Information:
Fifty-five (55) vinyl-sided single family homes targeted for families. Amenities include: dishwashers, disposals, pre-wired for cable television, balcony, sunrooms and/or patios, etc.
LIHTC Units: 55
Market Rate Units: 0
Total Rental Units: 55
On Site Manager: No
Land Size: 15.31 acres
LIHTC Project ID: 95013
Unit Description:
|
Bedroom Mix |
Bedroom Square |
Number |
Monthly Gross |
Income |
|
3 Bedroom |
1235 - 1264 |
11 |
$1,013 |
45% - 50% |
|
3 Bedroom |
1235 - 1264 |
12 |
$1,292 |
60% |
|
4 Bedroom |
1343 - 1364 |
32 |
$1,455 |
60% |
Twenty percent (20%) of the units are targeted to families whose income is 50% or less of the area median gross income and eighty percent (80%) of the units are targeted to families whose income is 60% of less of the median gross income.
Waterford Cove Apartments-Phase I
22 Colony Gardens Road
Beaufort, SC 29907
Qualified Contract Price: $10,838,373.00
Property Details and Summary Information:
Eight (8) multi-story wood and vinyl-sided buildings consisting of 128 units targeted for families. Amenities include: On site laundry facility, swimming pool, fitness center, playground, sprinkler/irrigation system, etc.
LIHTC Units: 128
Market Rate Units: 0
Total Rental Units: 128
On Site Manager: Yes
Land Size: 17.7 acres
LIHTC Project ID: 95012
Unit Description:
|
Bedroom Mix |
Bedroom Square |
Number |
Monthly Gross |
Income |
|
2 Bedroom |
990 |
26 |
$592 |
45% - 50% |
|
2 Bedroom |
990 |
38 |
$834 |
60% |
|
3 Bedroom |
1189 |
64 |
$953 |
60% |
Twenty percent (20%) of the units are targeted to families whose income is 50% or less of the area median gross income and eighty percent (80%) of the units are targeted to families whose income is 60% of less of the median gross income.
Waterford Cove Apartments-Phase II
22 Colony Gardens Road
Beaufort, SC 29907
Qualified Contract Price: $3,116,240.00
Property Details and Summary Information:
Two (8) multi-story wood and vinyl-sided buildings consisting of 32 units targeted for families. Amenities include: On site laundry facility, swimming pool, fitness center, playground, sprinkler/irrigation system, etc.
LIHTC Units: 32
Market Rate Units: 0
Total Rental Units: 32
On Site Manager: Yes
Land Size: 4 acres
LIHTC Project ID: 96010
Unit Description:
|
Bedroom Mix |
Bedroom Square |
Number |
Monthly Gross |
Income |
|
3 Bedroom |
1189-1232 |
7 |
$767 |
50% |
|
3 Bedroom |
1189-1232 |
25 |
$953 |
60% |
Twenty-two percent (22%) of the units are targeted to families whose income is 50% or less of the area median gross income and seventy-eight percent (78%) of the units are targeted to families whose income is 60% of less of the median gross income.
Arborwood Park Apartments
709 Patriot Parkway
Rock Hill, SC 29730
Qualified Contract Price: $7,330,787.00
Property Details and Summary Information:
Twelve (12) multi-story brick and vinyl-sided buildings consisting of 106 units targeted for families. Amenities include: exercise room, computer center, playground, picnic areas, etc.
LIHTC Units: 106
Market Rate Units: 0
Total Rental Units: 106
On Site Manager: Yes
Land Size: 9.5 acres
LIHTC Project ID: 93015
Unit Description:
|
Bedroom Mix |
Bedroom Square |
Number |
Monthly Gross |
Income |
|
2 Bedroom |
1040 |
20 |
$615 |
60% |
|
2 Bedroom |
1004 |
30 |
$620 |
60% |
|
3 Bedroom |
1168 |
39 |
$685 |
60% |
|
3 Bedroom |
1200 |
17 |
$690 |
60% |
One hundred percent (22%) 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
Equal Housing Opportunity