About This Property
Timmons Village Apts comprises 18 low-income residential units in Lynchburg, SC, with a mix of twelve 1-bedroom and six 2-bedroom apartments. The property has been in service since 2010 and is funded through tax-exempt bonds with 4% Low-Income Housing Tax Credit financing. Affordable housing is provided to eligible residents in Lee County.
Property Details
Fair Market Rent - Lee 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 | $684 |
| 1 Bedroom | $689 |
| 2 Bedroom | $905 |
| 3 Bedroom | $1,233 |
| 4 Bedroom | $1,238 |
Income Limits - Lee County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $18,800
- Low (80%)
- $30,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,450
- Low (80%)
- $34,350
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,150
- Low (80%)
- $38,650
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $26,800
- Low (80%)
- $42,900
- Extremely Low (30%)
- $28,950
- Very Low (50%)
- $28,950
- Low (80%)
- $46,350
- Extremely Low (30%)
- $31,100
- Very Low (50%)
- $31,100
- Low (80%)
- $49,800
- Extremely Low (30%)
- $33,250
- Very Low (50%)
- $33,250
- Low (80%)
- $53,200
- Extremely Low (30%)
- $35,400
- Very Low (50%)
- $35,400
- Low (80%)
- $56,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $18,800 | $30,050 |
| 2 Persons | $17,420 | $21,450 | $34,350 |
| 3 Persons | $21,960 | $24,150 | $38,650 |
| 4 Persons | $26,500 | $26,800 | $42,900 |
| 5 Persons | $28,950 | $28,950 | $46,350 |
| 6 Persons | $31,100 | $31,100 | $49,800 |
| 7 Persons | $33,250 | $33,250 | $53,200 |
| 8 Persons | $35,400 | $35,400 | $56,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lynchburg, SC?+
The Fair Market Rent (FMR) for Lee County, SC is: $684 (Studio), $689 (1BR), $905 (2BR), $1233 (3BR), $1238 (4BR). Actual rent at subsidized properties like Timmons Village Apts is typically 30% of household income or less.
What size apartments are available at Timmons Village Apts?+
Timmons Village Apts offers the following unit types: 12 One-Bedroom, 6 Two-Bedroom units, for a total of 18 units.
How do I apply for housing at Timmons Village Apts?+
Timmons Village 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 is the price range for apartments in Lynchburg, SC?+
Based on Fair Market Rent for Lee County, the estimated price range is: 1-bedroom: $689, 2-bedroom: $905. Actual rent at Timmons Village Apts may be lower for income-eligible households.
Who manages Timmons Village Apts?+
Timmons Village Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Lee County, SC?+
For a 4-person household in Lee County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $26,800, Low Income (80% AMI): $42,900. These limits are set by HUD and updated annually.
Walk Score
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