Year 15 Properties

Please Note: This information is provided for the sole purpose of providing a “clearing house service to the multifamily affordable rental housing community and not as an endorsement of any individual interested party, either buyer or seller. SC Housing continually receives requests to identify either (1) properties whose owners are interested in selling or (2) individuals, partnerships or non-profits, etc. who might be interested in obtaining existing affordable multifamily rental properties. All properties listed and described on this page have been approved for inclusion by the property’s ownership entity. It is the intent of SC Housing to market the properties identified solely in compliance with the IRS Code Section 42(h)(6)(E)(i)(II).

Companion at Thornton Hall - Georgetown, SC

2117 Lincoln Street
Georgetown, SC 29440

Qualified Contract Price: $3,418,910.00

Property Details and Summary Information:
One (1) single-story brick and vinyl buildings consisting of 40 units targeted for older persons. Amenities include: On site laundry facility, dishwashers, microwave ovens, ceiling fans, covered porches, patios, a community room, courtyard with benches, etc

LIHTC Attributes 
LIHTC Units40 
Market Rate Units
Total Rental Units40 
On Site ManagerYes 
Land Size4.00 Acres 
LIHTC Project ID03009 
Bedroom Mix # of Units Unit Sq. Ft. Income Targeting Monthly Gross Rent per Unit
1 BR  676  50%  $586 
1 BR  676  60%  $703 
2 BR  12  908  50%  $703 
2 BR  12  908  60%  $844 

Target Income Summary:
Fifty percent of the units are targeted to older persons whose income is 50% or less of the median gross income and fifty percent are targeted to older persons whose income is 60% or less of the median gross income.

Hickory Knoll Apartments - Georgetown, SC

2800 Church Street
Georgetown, SC 29404

Qualified Contract Price: $4,114,450.00

Property Details and Summary Information:
Seven two (2) story brick and vinyl buildings consisting of 40 units targeted for low income families. Amenities include: On-site laundry facility, dishwashers, ceiling fans, playground, sidewalk access to parking, on-site parking, etc

LIHTC Attributes 
LIHTC Units40 
Market Rate Units10 
Total Rental Units50 
On Site ManagerYes 
Land Size6.10 Acres 
LIHTC Project ID02011 
Bedroom Mix # of Units Unit Sq. Ft. Income Targeting Monthly Gross Rent per Unit
2 BR  22  861  50%  $668 
2 BR  861  60%  $802 
3 BR  1021  50%  $772 
3 BR  1021  60%  $927 
2 & 3 BR  10  861-1021  Market Rate  $699-$769 

Target Income Summary:
Sixty percent of the units are targeted to low income families whose income is 50% or less of the median gross income and forty percent are targeted to low income families whose income is 60% or less of the median gross income.

For More Information

Questions regarding Year 15 Properties can be directed to Chris McMillan in the Housing Development Division.