About This Property
Swansgate Apts provides 34 low-income units in Surfside Beach, SC, serving elderly residents since 1997. The property contains 27 one-bedroom and 7 two-bedroom apartments and receives funding through HOME and CDBG programs. The development holds 9% LIHTC credits.
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 is typically 30% of household income or less.
What size apartments are available at Swansgate Apts?+
Swansgate Apts offers the following unit types: 27 One-Bedroom, 7 Two-Bedroom units, for a total of 34 units.
Who manages Swansgate Apts?+
Swansgate Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Swansgate Apts?+
Swansgate 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 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.
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 may be lower for income-eligible households.
Who is eligible to live at Swansgate Apts?+
Swansgate Apts primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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