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).

View of Berkshire Place Apartments - Greer, SC 703 South Line Street Extension
Greer, SC 29651


Qualified Contract Price: $4,599,860.70

Property Details and Summary Information:
One (1) multi-story brick and vinyl building consisting of 50 units targeted for older persons (55 years or older). Amenities include: On site laundry facility, sidewalk access to parking, sprinkler/irrigation system, balcony/sunrooms, etc.
LIHTC Units40
Market Rate Units10
Total Rental Units50
On Site ManagerYes
Land Size4.18 Acres
LIHTC Project ID99030
Bedroom Mix# of UnitsUnit Sq. Ft.Income TargetingMonthly Gross Rent per Unit
1 BR2765060%$636
1 BR7650Market Rate$699
2 BR1385060%$765
2 BR3850Market Rate$799

Eighty percent of the units are targeted to older persons whose income is 60% or less of the median gross income with the remaining 20% available to older persons regardless of their incomes.

View of Glen Arbor Apartments - Aiken, SC 1000 Glen Arbor Court
Aiken, SC 29801


Qualified Contract Price: $4,347,493.00

Property Details and Summary Information:
Six (6) multi-story brick and vinyl buildings consisting of 56 units targeted for families. Amenities include: On site laundry facility, washer/dryer connection in units, playground, picnic area, exercise room, units wired for cable television, sidewalk access to parking, sprinkler/irrigation system, etc.
LIHTC Units56
Market Rate Units0
Total Rental Units56
On Site ManagerYes
Land Size5.59 Acres
LIHTC Project ID01013
Bedroom Mix# of UnitsUnit Sq. Ft.Income TargetingMonthly Gross Rent per UnitMonthly Rent per Unit
2 BR1090850%$676$535
2 BR3090860%$676$535
3 BR41,05360%$790$615
3 BR121,05360%$790$615

Twenty-five percent of the units are targeted to families whose income is 50% or less of the median gross income and 75% are targeted to families whose income is 60% or less of the median gross income.

View of Iveywood Park Apartments - Gaffney, SC 112 Martin Lane
Gaffney, SC 29341


Qualified Contract Price: $6,078,856.70

Property Details and Summary Information:
Twelve (12) multi-story vinyl and buildings consisting of 96 units targeted for families. Amenities include: On site laundry facility, playground, units wired for cable television, sidewalk access to parking, etc.
LIHTC Units96
Market Rate Units0
Total Rental Units0
On Site ManagerYes
Land Size10.16 Acres
LIHTC Project ID96038
Bedroom Mix# of UnitsUnit Sq. Ft.Income TargetingMonthly Gross Rent per Unit
2 BR4092160%$777
2 BR892160%$690
3 BR31,15150%$638
3 BR431,15160%$856
3 BR21,15160%$834

Three percent of the units are targeted to families whose income is 50% or less of the median gross income and 97% are targeted to families whose income is 60% or less of the median gross income.

View of Millers Ridge Apartments - Lancaster, SC 1000 Millers Ridge Lane
Lancaster, SC 29721


Qualified Contract Price: $4,027,998.00

Property Details and Summary Information:
Nine (9) multi-story brick and vinyl buildings consisting of 72 units targeted for families. Amenities include: On site laundry facility, washer/dryer connection in units, playground, picnic area, units wired for cable television, sidewalk access to parking, sprinkler/irrigation system, etc.
LIHTC Units56
Market Rate Units16
Total Rental Units72
On Site ManagerYes
Land Size10.01 Acres
LIHTC Project ID99004
Bedroom Mix# of UnitsUnit Sq. Ft.Income TargetingMonthly Gross Rent per UnitMonthly Rent per Unit
2 BR1690550%$624$470
2 BR2490560%$724$570
3 BR161,07060%$845$645
3 BR161,070Market RateN/A$660

Twenty-two percent (22%) of the units are targeted to families whose income is 50% or less of the median gross income and fifty-six (56%) percent are targeted to families whose income is 60% or less of the median gross income and twenty-two percent (22%) are market rate units.

View of The Palace Apartments - Charleston, SC 1000 King Street
Charleston, SC 29403


Qualified Contract Price: $12,483,860.00

Property Details and Summary Information:
One (1) brick/blown concrete building consisting of 75 units targeted for families. Amenities include: on site laundry facility, playground, units wired for cable television, sidewalk access to parking, on-site parking.
LIHTC Units60
Market Rate Units15
Total Rental Units75
On Site ManagerYes
Land Size3.75 Acres
LIHTC Project ID99021
Bedroom Mix# of UnitsUnit Sq. Ft.Income TargetingMonthly Gross Rent per Unit
2 BR3085060%$930
3 BR301,10060%$1,074
2 & 3 BR15805 - 1,100Market Rate$1,045 - $1,195

Eighty percent of the units are targeted to families whose income are 60% or below the median gross income and 20% of the units are market rate units targeted to families.

View of Simmons Cay Apartments - Bluffton, SC 57 Simmonsville Road
Bluffton, SC 29910


Qualified Contract Price: $5,293,331.00

Property Details and Summary Information:
Five (5) multi-story vinyl buildings consisting of 48 units targeted for families. Amenities include: On site laundry facility, community room, washer/dryer connection in units, playground, swimming pool, units wired for cable television, sidewalk access to parking, sprinkler/irrigation system, etc.
LIHTC Units48
Market Rate Units0
Total Rental Units48
On Site ManagerYes
Land Size5 Acres
LIHTC Project ID96032
Bedroom Mix# of UnitsUnit Sq. Ft.Income TargetingMonthly Gross Rent per Unit
3 BR241,13050%$773
3 BR241,13060%$972

Fifty percent of the units are targeted to families whose income is 50% or less of the median gross income and fifty percent are targeted to families whose income is 60% or less of the median gross income.

View of Simmons Cay Townhomes - Bluffton, SC 49 Simmonsville Road
Bluffton, SC 29910


Qualified Contract Price: $5,208,803.00

Property Details and Summary Information:
Six (6) multi-story brick and vinyl buildings consisting of 40 units targeted for families. Amenities include: Washer/dryer connection in units, playground, fitness room, swimming pool, units wired for cable television, sidewalk access to parking, etc.
LIHTC Units32
Market Rate Units8
Total Rental Units40
On Site ManagerYes
Land Size5.2 Acres
LIHTC Project ID99045
Bedroom Mix# of UnitsUnit Sq. Ft.Income TargetingMonthly Gross Rent per Unit
3 BR261,22750%$773
3 BR61,22760%$945
3 BR81,227market$1,030

Sixty-five percent of the units are targeted to families whose income is 50% or less of the median gross income and fifteen percent are targeted to families whose income is 60% or less of the median gross income.

For More Information

Questions regarding Year 15 Properties can be directed to Laura Nicholson in the Housing Development Division at 803.896.9190.