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: 

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
Footage

Number
of Units

Monthly Gross
Rent per Unit

Income
Targeting

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



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.


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