About This Property
Chimney Ridge Apts comprises 152 low-income units in Lexington, South Carolina, offering a mix of 40 one-bedroom, 88 two-bedroom, and 24 three-bedroom floor plans. The property has been in service since 1996 and utilizes 9% Low-Income Housing Tax Credits (LIHTC) to maintain affordable rental options for qualifying households.
Property Details
Fair Market Rent - Lexington 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 | $1,036 |
| 1 Bedroom | $1,110 |
| 2 Bedroom | $1,246 |
| 3 Bedroom | $1,595 |
| 4 Bedroom | $1,917 |
Income Limits - Lexington County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,200
- Very Low (50%)
- $25,250
- Low (80%)
- $40,400
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $28,850
- Low (80%)
- $46,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,450
- Low (80%)
- $51,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,050
- Low (80%)
- $57,700
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $38,950
- Low (80%)
- $62,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $41,850
- Low (80%)
- $66,950
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $44,750
- Low (80%)
- $71,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $47,600
- Low (80%)
- $76,200
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,200 | $25,250 | $40,400 |
| 2 Persons | $17,420 | $28,850 | $46,200 |
| 3 Persons | $21,960 | $32,450 | $51,950 |
| 4 Persons | $26,500 | $36,050 | $57,700 |
| 5 Persons | $31,040 | $38,950 | $62,350 |
| 6 Persons | $35,580 | $41,850 | $66,950 |
| 7 Persons | $40,120 | $44,750 | $71,550 |
| 8 Persons | $44,660 | $47,600 | $76,200 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Lexington, SC?+
The Fair Market Rent (FMR) for Lexington County, SC is: $1036 (Studio), $1110 (1BR), $1246 (2BR), $1595 (3BR), $1917 (4BR). Actual rent at subsidized properties like Chimney Ridge Apts is typically 30% of household income or less.
What size apartments are available at Chimney Ridge Apts?+
Chimney Ridge Apts offers the following unit types: 40 One-Bedroom, 88 Two-Bedroom, 24 Three-Bedroom units, for a total of 152 units.
Who manages Chimney Ridge Apts?+
Chimney Ridge Apts is managed by . You can reach them at .
How do I apply for housing at Chimney Ridge Apts?+
Chimney Ridge Apts 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.
What are the income limits for affordable housing in Lexington County, SC?+
For a 4-person household in Lexington County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,050, Low Income (80% AMI): $57,700. These limits are set by HUD and updated annually.
What is the price range for apartments in Lexington, SC?+
Based on Fair Market Rent for Lexington County, the estimated price range is: 1-bedroom: $1110, 2-bedroom: $1246, 3-bedroom: $1595. Actual rent at Chimney Ridge Apts may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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