About This Property
Swansgate Apts III offers 64 low-income units in Myrtle Beach designed to serve elderly residents. The property includes 58 one-bedroom and 6 two-bedroom apartments and has been in service since 2001. This development utilizes 9% Low Income Housing Tax Credits to provide affordable housing options in Horry County.
Property Details
Fair Market Rent - Horry 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 | $1,121 |
| 1 Bedroom | $1,187 |
| 2 Bedroom | $1,361 |
| 3 Bedroom | $1,724 |
| 4 Bedroom | $2,005 |
Income Limits - Horry County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $21,400
- Low (80%)
- $34,200
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,450
- Low (80%)
- $39,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,500
- Low (80%)
- $44,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,550
- Low (80%)
- $48,850
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,000
- Low (80%)
- $52,800
- Extremely Low (30%)
- $35,450
- Very Low (50%)
- $35,450
- Low (80%)
- $56,700
- Extremely Low (30%)
- $37,900
- Very Low (50%)
- $37,900
- Low (80%)
- $60,600
- Extremely Low (30%)
- $40,350
- Very Low (50%)
- $40,350
- Low (80%)
- $64,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $21,400 | $34,200 |
| 2 Persons | $17,420 | $24,450 | $39,100 |
| 3 Persons | $21,960 | $27,500 | $44,000 |
| 4 Persons | $26,500 | $30,550 | $48,850 |
| 5 Persons | $31,040 | $33,000 | $52,800 |
| 6 Persons | $35,450 | $35,450 | $56,700 |
| 7 Persons | $37,900 | $37,900 | $60,600 |
| 8 Persons | $40,350 | $40,350 | $64,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Surfside Beach, SC?+
The Fair Market Rent (FMR) for Horry County, SC is: $1121 (Studio), $1187 (1BR), $1361 (2BR), $1724 (3BR), $2005 (4BR). Actual rent at subsidized properties like Swansgate Apts Iii is typically 30% of household income or less.
What size apartments are available at Swansgate Apts Iii?+
Swansgate Apts Iii offers the following unit types: 58 One-Bedroom, 6 Two-Bedroom units, for a total of 64 units.
Who manages Swansgate Apts Iii?+
Swansgate Apts Iii is managed by . You can reach them at .
How do I apply for housing at Swansgate Apts Iii?+
Swansgate Apts Iii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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.
Who is eligible to live at Swansgate Apts Iii?+
Swansgate Apts Iii primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Surfside Beach, SC?+
Based on Fair Market Rent for Horry County, the estimated price range is: 1-bedroom: $1187, 2-bedroom: $1361. Actual rent at Swansgate Apts Iii may be lower for income-eligible households.
What are the income limits for affordable housing in Horry County, SC?+
For a 4-person household in Horry County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,550, Low Income (80% AMI): $48,850. These limits are set by HUD and updated annually.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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