About This Property
Waverly Development (3) comprises 4 low-income rental units in Columbia, SC, with a mix of two 1-bedroom and two 2-bedroom apartments. The property has been in service since 1989 and is financed through 9% Low-Income Housing Tax Credits. The development provides affordable housing options for eligible residents in Richland County.
Waitlist Information
Waitlist managed by Housing Authority of the City of Columbia
Accepting pre-applications for 3 bedroom public housing units. Applicants are selected using a computer-generated lottery system. Completing a pre-application does not guarantee placement on the waitlist.
Wait list opening is ONLY for Public Housing tenants residing in properties converting to RAD. Applications accepted only at the time of HUD approval of relocation for the applicable RAD property. Wait list opening is solely for current residents of Latimer Manor Public Housing community on August 15, 2025.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Richland 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 - Richland 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Columbia, SC?+
The Fair Market Rent (FMR) for Richland County, SC is: $1036 (Studio), $1110 (1BR), $1246 (2BR), $1595 (3BR), $1917 (4BR). Actual rent at subsidized properties like Waverly Development (3) is typically 30% of household income or less.
What size apartments are available at Waverly Development (3)?+
Waverly Development (3) offers the following unit types: 2 One-Bedroom, 2 Two-Bedroom units, for a total of 4 units.
Who manages Waverly Development (3)?+
Waverly Development (3) is managed by . You can reach them at .
What are the income limits for affordable housing in Richland County, SC?+
For a 4-person household in Richland 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.
How do I apply for housing at Waverly Development (3)?+
Waverly Development (3) 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 is the price range for apartments in Columbia, SC?+
Based on Fair Market Rent for Richland County, the estimated price range is: 1-bedroom: $1110, 2-bedroom: $1246. Actual rent at Waverly Development (3) may be lower for income-eligible households.
Is there a waitlist for Waverly Development (3)?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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