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).
Qualified Contract Price: $3,418,910.00
Property Details and Summary Information:
One (1) single-story brick and vinyl buildings consisting of 40 units targeted for older persons. Amenities include: On site laundry facility, dishwashers, microwave ovens, ceiling fans, covered porches, patios, a community room, courtyard with benches, etc
|Market Rate Units||0|
|Total Rental Units||40|
|On Site Manager||Yes|
|Land Size||4.00 Acres|
|LIHTC Project ID||03009|
|Bedroom Mix||# of Units||Unit Sq. Ft.||Income Targeting||Monthly Gross Rent per Unit||Monthly Rent per Unit|
Target Income Summary:
Fifty percent of the units are targeted to older persons whose income is 50% or less of the median gross income and fifty percent are targeted to older persons whose income is 60% or less of the median gross income.
Questions regarding Year 15 Properties can be directed to Chris McMillan in the Housing Development Division.