About This Property
Timber Ridge Apartments offers 36 low-income units in McCormick, South Carolina, consisting of twelve 1-bedroom and twenty-four 2-bedroom apartments. The property has been in service since 2015 and is funded through tax-exempt bonds and 4% Low-Income Housing Tax Credits. The community serves families seeking affordable rental housing in McCormick County.
Property Details
Fair Market Rent - McCormick 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 | $752 |
| 1 Bedroom | $757 |
| 2 Bedroom | $994 |
| 3 Bedroom | $1,283 |
| 4 Bedroom | $1,398 |
Income Limits - McCormick County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,000
- Low (80%)
- $32,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,850
- Low (80%)
- $36,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,700
- Low (80%)
- $41,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,550
- Low (80%)
- $45,700
- Extremely Low (30%)
- $30,850
- Very Low (50%)
- $30,850
- Low (80%)
- $49,400
- Extremely Low (30%)
- $33,150
- Very Low (50%)
- $33,150
- Low (80%)
- $53,050
- Extremely Low (30%)
- $35,450
- Very Low (50%)
- $35,450
- Low (80%)
- $56,700
- Extremely Low (30%)
- $37,700
- Very Low (50%)
- $37,700
- Low (80%)
- $60,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,000 | $32,000 |
| 2 Persons | $17,420 | $22,850 | $36,600 |
| 3 Persons | $21,960 | $25,700 | $41,150 |
| 4 Persons | $26,500 | $28,550 | $45,700 |
| 5 Persons | $30,850 | $30,850 | $49,400 |
| 6 Persons | $33,150 | $33,150 | $53,050 |
| 7 Persons | $35,450 | $35,450 | $56,700 |
| 8 Persons | $37,700 | $37,700 | $60,350 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mc Cormick, SC?+
The Fair Market Rent (FMR) for McCormick County, SC is: $752 (Studio), $757 (1BR), $994 (2BR), $1283 (3BR), $1398 (4BR). Actual rent at subsidized properties like Timber Ridge Apartments is typically 30% of household income or less.
What size apartments are available at Timber Ridge Apartments?+
Timber Ridge Apartments offers the following unit types: 12 One-Bedroom, 24 Two-Bedroom units, for a total of 36 units.
Who is eligible to live at Timber Ridge Apartments?+
Timber Ridge Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Timber Ridge Apartments?+
Timber Ridge Apartments is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in McCormick County, SC?+
For a 4-person household in McCormick County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,550, Low Income (80% AMI): $45,700. These limits are set by HUD and updated annually.
What is the price range for apartments in Mc Cormick, SC?+
Based on Fair Market Rent for McCormick County, the estimated price range is: 1-bedroom: $757, 2-bedroom: $994. Actual rent at Timber Ridge Apartments may be lower for income-eligible households.
How do I apply for housing at Timber Ridge Apartments?+
Timber Ridge Apartments 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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