About This Property
Cypress Lane is a 48-unit affordable housing community in Andrews, SC that serves families with low incomes. The property offers a mix of one-, two-, and three-bedroom units, with eight one-bedroom, twenty-eight two-bedroom, and twelve three-bedroom apartments. The community was placed in service in 2012 and receives funding through HOME and 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Georgetown 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 | $842 |
| 1 Bedroom | $848 |
| 2 Bedroom | $1,114 |
| 3 Bedroom | $1,478 |
| 4 Bedroom | $1,582 |
Income Limits - Georgetown County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $13,550
- Very Low (50%)
- $22,600
- Low (80%)
- $36,150
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $25,800
- Low (80%)
- $41,300
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $29,050
- Low (80%)
- $46,450
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $34,850
- Low (80%)
- $55,750
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $37,450
- Low (80%)
- $59,900
- Extremely Low (30%)
- $40,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $42,600
- Very Low (50%)
- $42,600
- Low (80%)
- $68,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $13,550 | $22,600 | $36,150 |
| 2 Persons | $17,420 | $25,800 | $41,300 |
| 3 Persons | $21,960 | $29,050 | $46,450 |
| 4 Persons | $26,500 | $32,250 | $51,600 |
| 5 Persons | $31,040 | $34,850 | $55,750 |
| 6 Persons | $35,580 | $37,450 | $59,900 |
| 7 Persons | $40,000 | $40,000 | $64,000 |
| 8 Persons | $42,600 | $42,600 | $68,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Andrews, SC?+
The Fair Market Rent (FMR) for Georgetown County, SC is: $842 (Studio), $848 (1BR), $1114 (2BR), $1478 (3BR), $1582 (4BR). Actual rent at subsidized properties like Cypress Lane is typically 30% of household income or less.
What size apartments are available at Cypress Lane?+
Cypress Lane offers the following unit types: 8 One-Bedroom, 28 Two-Bedroom, 12 Three-Bedroom units, for a total of 48 units.
Who is eligible to live at Cypress Lane?+
Cypress Lane primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Cypress Lane?+
Cypress Lane is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Cypress Lane?+
Cypress Lane 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 Georgetown County, SC?+
For a 4-person household in Georgetown County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $32,250, Low Income (80% AMI): $51,600. These limits are set by HUD and updated annually.
What is the price range for apartments in Andrews, SC?+
Based on Fair Market Rent for Georgetown County, the estimated price range is: 1-bedroom: $848, 2-bedroom: $1114, 3-bedroom: $1478. Actual rent at Cypress Lane may be lower for income-eligible households.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
