About This Property
Palmetto Lane Apts offers 20 low-income residential units in Iva, SC, consisting of eight one-bedroom and twelve two-bedroom apartments. The property was placed in service in 2010 and is funded through tax-exempt bonds with 4% LIHTC credits.
Property Details
Fair Market Rent - Anderson 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 | $838 |
| 1 Bedroom | $841 |
| 2 Bedroom | $1,044 |
| 3 Bedroom | $1,318 |
| 4 Bedroom | $1,756 |
Income Limits - Anderson County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,350
- Very Low (50%)
- $23,900
- Low (80%)
- $38,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,300
- Low (80%)
- $43,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,700
- Low (80%)
- $49,100
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $34,100
- Low (80%)
- $54,550
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,850
- Low (80%)
- $58,950
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,600
- Low (80%)
- $63,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,300
- Low (80%)
- $67,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $45,050
- Low (80%)
- $72,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,350 | $23,900 | $38,200 |
| 2 Persons | $17,420 | $27,300 | $43,650 |
| 3 Persons | $21,960 | $30,700 | $49,100 |
| 4 Persons | $26,500 | $34,100 | $54,550 |
| 5 Persons | $31,040 | $36,850 | $58,950 |
| 6 Persons | $35,580 | $39,600 | $63,300 |
| 7 Persons | $40,120 | $42,300 | $67,650 |
| 8 Persons | $44,660 | $45,050 | $72,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Iva, SC?+
The Fair Market Rent (FMR) for Anderson County, SC is: $838 (Studio), $841 (1BR), $1044 (2BR), $1318 (3BR), $1756 (4BR). Actual rent at subsidized properties like Palmetto Lane Apts is typically 30% of household income or less.
What size apartments are available at Palmetto Lane Apts?+
Palmetto Lane Apts offers the following unit types: 8 One-Bedroom, 12 Two-Bedroom units, for a total of 20 units.
What are the income limits for affordable housing in Anderson County, SC?+
For a 4-person household in Anderson County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $34,100, Low Income (80% AMI): $54,550. These limits are set by HUD and updated annually.
Who manages Palmetto Lane Apts?+
Palmetto Lane Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Palmetto Lane Apts?+
Palmetto Lane Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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.
What is the price range for apartments in Iva, SC?+
Based on Fair Market Rent for Anderson County, the estimated price range is: 1-bedroom: $841, 2-bedroom: $1044. Actual rent at Palmetto Lane Apts may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
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