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.
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.
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.
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 manages Swansgate Apts Iii?+
Swansgate Apts Iii is managed by . You can reach them at .
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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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