About This Property
The Oaks in McCormick provides 20 one-bedroom units designated for low-income residents. The property has been in service since 2007 and is financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits.
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 The Oaks (Mccormick) is typically 30% of household income or less.
What size apartments are available at The Oaks (Mccormick)?+
The Oaks (Mccormick) offers the following unit types: 20 One-Bedroom units, for a total of 20 units.
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. Actual rent at The Oaks (Mccormick) may be lower for income-eligible households.
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.
How do I apply for housing at The Oaks (Mccormick)?+
The Oaks (Mccormick) 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 The Oaks (Mccormick)?+
The Oaks (Mccormick) is managed by . You can reach them at .
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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