About This Property
Melrose Lane Apts comprises 24 low-income rental units in Great Falls, SC, with a mix of six one-bedroom and eighteen two-bedroom units. The property was placed in service in 2010 and is funded through tax-exempt bonds with 4% Low-Income Housing Tax Credit financing. The complex is situated in Chester County and serves households meeting low-income eligibility requirements.
Property Details
Fair Market Rent - Chester 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 | $733 |
| 1 Bedroom | $737 |
| 2 Bedroom | $910 |
| 3 Bedroom | $1,282 |
| 4 Bedroom | $1,441 |
Income Limits - Chester County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,900
- Low (80%)
- $31,850
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,750
- Low (80%)
- $36,400
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,600
- Low (80%)
- $40,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,400
- Low (80%)
- $45,450
- Extremely Low (30%)
- $30,700
- Very Low (50%)
- $30,700
- Low (80%)
- $49,100
- Extremely Low (30%)
- $32,950
- Very Low (50%)
- $32,950
- Low (80%)
- $52,750
- Extremely Low (30%)
- $35,250
- Very Low (50%)
- $35,250
- Low (80%)
- $56,400
- Extremely Low (30%)
- $37,500
- Very Low (50%)
- $37,500
- Low (80%)
- $60,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,900 | $31,850 |
| 2 Persons | $17,420 | $22,750 | $36,400 |
| 3 Persons | $21,960 | $25,600 | $40,950 |
| 4 Persons | $26,500 | $28,400 | $45,450 |
| 5 Persons | $30,700 | $30,700 | $49,100 |
| 6 Persons | $32,950 | $32,950 | $52,750 |
| 7 Persons | $35,250 | $35,250 | $56,400 |
| 8 Persons | $37,500 | $37,500 | $60,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Great Falls, SC?+
The Fair Market Rent (FMR) for Chester County, SC is: $733 (Studio), $737 (1BR), $910 (2BR), $1282 (3BR), $1441 (4BR). Actual rent at subsidized properties like Melrose Lane Apts is typically 30% of household income or less.
What size apartments are available at Melrose Lane Apts?+
Melrose 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 Melrose Lane Apts?+
Melrose 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 Great Falls, SC?+
Based on Fair Market Rent for Chester County, the estimated price range is: 1-bedroom: $737, 2-bedroom: $910. Actual rent at Melrose Lane Apts may be lower for income-eligible households.
Who manages Melrose Lane Apts?+
Melrose Lane Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Chester County, SC?+
For a 4-person household in Chester County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,400, Low Income (80% AMI): $45,450. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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