About This Property
Olde South Terrace comprises 48 low-income rental units in Aiken, South Carolina, with a mix of twelve 2-bedroom and thirty-six 3-bedroom apartments. The property was placed in service in 2010 and utilizes 9% Low-Income Housing Tax Credit financing. This development serves households at or below 60% of area median income.
Waitlist Information
Waitlist managed by Housing Authority of Aiken
Applications are accepted on the 3rd Tuesday of each month from 8:00 am to 4:00 pm. Applications will be mailed to the disabled and elderly. The PHA may take applications on an open enrollment basis depending on the length of the waiting list.
The Housing Choice Voucher (Section 8) program is currently not accepting new applications. They administer a total of 875 vouchers. Families may meet certain preference requirements that could move them to the top of the waiting list.
Waitlist data provided by section8waitlist.org
Updated June 18, 2026
Property Details
Fair Market Rent - Aiken County, SC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $805 |
| 1 Bedroom | $961 |
| 2 Bedroom | $1,100 |
| 3 Bedroom | $1,463 |
| 4 Bedroom | $1,779 |
Income Limits - Aiken County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,550
- Very Low (50%)
- $24,200
- Low (80%)
- $38,750
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,650
- Low (80%)
- $44,250
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $31,100
- Low (80%)
- $49,800
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,550
- Low (80%)
- $55,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $37,350
- Low (80%)
- $59,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $40,100
- Low (80%)
- $64,150
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,850
- Low (80%)
- $68,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,650
- Low (80%)
- $73,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,550 | $24,200 | $38,750 |
| 2 Persons | $17,420 | $27,650 | $44,250 |
| 3 Persons | $21,960 | $31,100 | $49,800 |
| 4 Persons | $26,500 | $34,550 | $55,300 |
| 5 Persons | $31,040 | $37,350 | $59,750 |
| 6 Persons | $35,580 | $40,100 | $64,150 |
| 7 Persons | $40,120 | $42,850 | $68,600 |
| 8 Persons | $44,660 | $45,650 | $73,000 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Aiken, SC?+
The Fair Market Rent (FMR) for Aiken County, SC is: $805 (Studio), $961 (1BR), $1100 (2BR), $1463 (3BR), $1779 (4BR). Actual rent at subsidized properties like Olde South Terrace (2009 Tcex Exch Funds) is typically 30% of household income or less.
What size apartments are available at Olde South Terrace (2009 Tcex Exch Funds)?+
Olde South Terrace (2009 Tcex Exch Funds) offers the following unit types: 12 Two-Bedroom, 36 Three-Bedroom units, for a total of 48 units.
What is the price range for apartments in Aiken, SC?+
Based on Fair Market Rent for Aiken County, the estimated price range is: 2-bedroom: $1100, 3-bedroom: $1463. Actual rent at Olde South Terrace (2009 Tcex Exch Funds) may be lower for income-eligible households.
What are the income limits for affordable housing in Aiken County, SC?+
For a 4-person household in Aiken County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,550, Low Income (80% AMI): $55,300. These limits are set by HUD and updated annually.
Is there a waitlist for Olde South Terrace (2009 Tcex Exch Funds)?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Olde South Terrace (2009 Tcex Exch Funds)?+
Olde South Terrace (2009 Tcex Exch Funds) is managed by . You can reach them at .
How do I apply for housing at Olde South Terrace (2009 Tcex Exch Funds)?+
Olde South Terrace (2009 Tcex Exch Funds) is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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