About This Property
Seven Farms Village offers 42 one-bedroom units designed for elderly residents on Daniel Island in Berkeley County, South Carolina. The property was placed in service in 2010 and operates as a non-profit owned affordable housing community with low-income units funded through TCAP and utilizing 9% LIHTC credits.
Property Details
Fair Market Rent - Berkeley 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 | $1,386 |
| 1 Bedroom | $1,424 |
| 2 Bedroom | $1,599 |
| 3 Bedroom | $1,979 |
| 4 Bedroom | $2,402 |
Income Limits - Berkeley County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,300
- Very Low (50%)
- $28,750
- Low (80%)
- $46,000
- Extremely Low (30%)
- $19,750
- Very Low (50%)
- $32,850
- Low (80%)
- $52,600
- Extremely Low (30%)
- $22,200
- Very Low (50%)
- $36,950
- Low (80%)
- $59,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,050
- Low (80%)
- $65,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,350
- Low (80%)
- $71,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,650
- Low (80%)
- $76,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $50,950
- Low (80%)
- $81,500
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,200
- Low (80%)
- $86,750
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,300 | $28,750 | $46,000 |
| 2 Persons | $19,750 | $32,850 | $52,600 |
| 3 Persons | $22,200 | $36,950 | $59,150 |
| 4 Persons | $26,500 | $41,050 | $65,700 |
| 5 Persons | $31,040 | $44,350 | $71,000 |
| 6 Persons | $35,580 | $47,650 | $76,250 |
| 7 Persons | $40,120 | $50,950 | $81,500 |
| 8 Persons | $44,660 | $54,200 | $86,750 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Daniel Island, SC?+
The Fair Market Rent (FMR) for Berkeley County, SC is: $1386 (Studio), $1424 (1BR), $1599 (2BR), $1979 (3BR), $2402 (4BR). Actual rent at subsidized properties like Seven Farms Village is typically 30% of household income or less.
What size apartments are available at Seven Farms Village?+
Seven Farms Village offers the following unit types: 42 One-Bedroom units, for a total of 42 units.
Who is eligible to live at Seven Farms Village?+
Seven Farms Village primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Seven Farms Village?+
Seven Farms Village is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Seven Farms Village?+
Seven Farms Village 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 Daniel Island, SC?+
Based on Fair Market Rent for Berkeley County, the estimated price range is: 1-bedroom: $1424. Actual rent at Seven Farms Village may be lower for income-eligible households.
What are the income limits for affordable housing in Berkeley County, SC?+
For a 4-person household in Berkeley County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,050, Low Income (80% AMI): $65,700. These limits are set by HUD and updated annually.
Walk Score
Somewhat Walkable
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