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).

Berkshire Place Apartments - Greer, SC

703 South Line 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 Attributes 
LIHTC Units40 
Market Rate Units10 
Total Rental Units50 
On Site ManagerYes 
Land Size4.18 Acres 
LIHTC Project ID99030 
Bedroom Mix # of Units Unit Sq. Ft. Income Targeting Monthly Gross Rent per Unit Monthly Rent per Unit
1 BR  27  650  60%  $636   
1 BR  650  Market Rate  $699   
2 BR  13  850  60%  $765   
2 BR  850  Market Rate  $799   

Target Income Summary:
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.

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 Attributes 
LIHTC Units56 
Market Rate Units
Total Rental Units56 
On Site ManagerYes 
Land Size5.59 Acres 
LIHTC Project ID01013 
Bedroom Mix # of Units Unit Sq. Ft. Income Targeting Monthly Gross Rent per Unit Monthly Rent per Unit
2 BR  10  908  50%  $676  $535 
2 BR  30  908  60%  $676  $535 
3 BR  1,053  60%  $790  $615 
3 BR  12  1,053  60%  $790  $615 

Target Income Summary:
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.

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 Attributes 
LIHTC Units96 
Market Rate Units
Total Rental Units
On Site ManagerYes 
Land Size10.16 Acres 
LIHTC Project ID96038 
Bedroom Mix # of Units Unit Sq. Ft. Income Targeting Monthly Gross Rent per Unit Monthly Rent per Unit
2 BR  40  921  60%  $777   
2 BR  921  60%  $690   
3 BR  1,151  50%  $638   
3 BR  43  1,151  60%  $856   
3 BR  1,151  60%  $834   

Target Income Summary:
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.

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 Attributes 
LIHTC Units56 
Market Rate Units16 
Total Rental Units72 
On Site ManagerYes 
Land Size10.01 Acres 
LIHTC Project ID99004 
Bedroom Mix # of Units Unit Sq. Ft. Income Targeting Monthly Gross Rent per Unit Monthly Rent per Unit
2 BR  16  905  50%  $624  $470 
2 BR  24  905  60%  $724  $570 
3 BR  16  1,070  60%  $845  $645 
3 BR  16  1,070  Market Rate  N/A  $660 

Target Income Summary:
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.

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 Attributes 
LIHTC Units60 
Market Rate Units15 
Total Rental Units75 
On Site ManagerYes 
Land Size3.75 Acres 
LIHTC Project ID99021 
Bedroom Mix # of Units Unit Sq. Ft. Income Targeting Monthly Gross Rent per Unit Monthly Rent per Unit
2 & 3 BR  15  805 - 1,100  Market Rate  $1,045 - $1,195   
2 BR  30  850  60%  $930   
3 BR  30  1,100  60%  $1,074   

Target Income Summary:
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.

Village Senior Apartments - Warrenville, SC

115 Timmerman Street
Warrenville, SC 29851

Qualified Contract Price: $5,858,644.00

Property Details and Summary Information:
Four (4) multi-story and single story brick and vinyl buildings consisting of 72 units targeted for older persons. Amenities include: On site laundry facility, dishwashers, ceiling fans, a community building with an arts and craft room, gazebo, etc.

LIHTC Attributes 
LIHTC Units72 
Market Rate Units
Total Rental Units72 
On Site ManagerYes 
Land Size4.00 Acres 
LIHTC Project ID00052 
Bedroom Mix # of Units Unit Sq. Ft. Income Targeting Monthly Gross Rent per Unit Monthly Rent per Unit
1 BR  654  50%  $584  $495 
1 BR  702  50%  $584  $495 
1 BR  627  50%  $584  $495 
1 BR  530  50%  $584  $495 
2 BR  33  688  50%  $701  $585 
2 BR  15  853  60%  $841  $725 

Target Income Summary:
Seventy Nine percent of the units are targeted to older persons whose income is 50% or less of the median gross income and Twenty-One percent are targeted to older persons whose income is 60% or less of the median gross income.

For More Information

Questions regarding Year 15 Properties can be directed to Chris McMillan in the Housing Development Division.