About This Property
Fairridge Lane Apts is a 24-unit affordable housing community in Denmark, SC that has served elderly residents since 2007. The property offers 6 one-bedroom and 18 two-bedroom units designated as low-income housing. The development was financed through tax-exempt bonds and receives 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Bamberg 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 | $684 |
| 1 Bedroom | $689 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,275 |
| 4 Bedroom | $1,377 |
Income Limits - Bamberg County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,800
- Low (80%)
- $30,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,450
- Low (80%)
- $34,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,150
- Low (80%)
- $38,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $26,800
- Low (80%)
- $42,900
- Extremely Low (30%)
- $28,950
- Very Low (50%)
- $28,950
- Low (80%)
- $46,350
- Extremely Low (30%)
- $31,100
- Very Low (50%)
- $31,100
- Low (80%)
- $49,800
- Extremely Low (30%)
- $33,250
- Very Low (50%)
- $33,250
- Low (80%)
- $53,200
- Extremely Low (30%)
- $35,400
- Very Low (50%)
- $35,400
- Low (80%)
- $56,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,800 | $30,050 |
| 2 Persons | $17,420 | $21,450 | $34,350 |
| 3 Persons | $21,960 | $24,150 | $38,650 |
| 4 Persons | $26,500 | $26,800 | $42,900 |
| 5 Persons | $28,950 | $28,950 | $46,350 |
| 6 Persons | $31,100 | $31,100 | $49,800 |
| 7 Persons | $33,250 | $33,250 | $53,200 |
| 8 Persons | $35,400 | $35,400 | $56,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Denmark, SC?+
The Fair Market Rent (FMR) for Bamberg County, SC is: $684 (Studio), $689 (1BR), $905 (2BR), $1275 (3BR), $1377 (4BR). Actual rent at subsidized properties like Fairridge Lane Apts is typically 30% of household income or less.
What size apartments are available at Fairridge Lane Apts?+
Fairridge Lane Apts offers the following unit types: 6 One-Bedroom, 18 Two-Bedroom units, for a total of 24 units.
How do I apply for housing at Fairridge Lane Apts?+
Fairridge 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 are the income limits for affordable housing in Bamberg County, SC?+
For a 4-person household in Bamberg County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $26,800, Low Income (80% AMI): $42,900. These limits are set by HUD and updated annually.
What is the price range for apartments in Denmark, SC?+
Based on Fair Market Rent for Bamberg County, the estimated price range is: 1-bedroom: $689, 2-bedroom: $905. Actual rent at Fairridge Lane Apts may be lower for income-eligible households.
Who manages Fairridge Lane Apts?+
Fairridge Lane Apts is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Fairridge Lane Apts?+
Fairridge Lane Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Fairridge Lane Apts
Denmark
Denmark, SC
2 UnitsBlackville Gardens Apts
Blackville, SC
24 UnitsEdisto Apts
Denmark, SC
44 UnitsEdisto Apts
Denmark, SC
44 Units
Denmark
Blackville, SC
2 UnitsOrangeburg New Development
Blackville, SC
1 Units