About This Property
The Falls offers 10 units of affordable housing in Great Falls, SC, with 8 units designated for low-income households. The property includes a mix of one, two, and three-bedroom units designed to serve families and has been in service since 2001. Financing includes HOME funding and 9% LIHTC credits.
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 |
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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 The Falls is typically 30% of household income or less.
What size apartments are available at The Falls?+
The Falls offers the following unit types: 5 One-Bedroom, 3 Two-Bedroom, 2 Three-Bedroom units, for a total of 10 units.
Who is eligible to live at The Falls?+
The Falls primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at The Falls?+
The Falls 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, 3-bedroom: $1282. Actual rent at The Falls may be lower for income-eligible households.
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.
Who manages The Falls?+
The Falls is managed by . You can reach them at . Visit their website for more information.
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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