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).

Avalon Place - Columbia, SC

1030 Atlas Road
Columbia, SC 29209

Qualified Contract Price: $6,995,582.00

Property Details and Summary Information:
One (1) three-story brick and vinyl building consisting of 72 units targeted for older persons. Amenities include: On site laundry facility, dishwashers, microwave ovens, ceiling fans, balconies, covered porches, patios, a community room, exercise room, etc.

LIHTC Attributes 
LIHTC Units72 
Market Rate Units
Total Rental Units72 
On Site ManagerYes 
Land Size4.25 Acres 
LIHTC Project ID03001 
Bedroom Mix # of Units Unit Sq. Ft. Income Targeting Monthly Gross Rent per Unit
1 BR  24  650  50%  $597 
1 BR  24  650  60%  $727 
2 BR  12  850  50%  $701 
2 BR  12  850  60%  $862 

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.

Harmony Ridge Apartments - Travelers Rest, SC

49 Brookside Drive
Travelers Rest, SC 29690

Qualified Contract Price: $3,056,457.00

Property Details and Summary Information:
Harmony Ridge is a 40 unit, two-story apartment complex built in 2001 targeted for older persons. Amenities include: On site laundry facility, dishwashers, microwave ovens, ceiling fans, balconies, covered porches, patios, a community room, etc.

LIHTC Attributes 
LIHTC Units40 
Market Rate Units
Total Rental Units40 
On Site ManagerYes 
Land Size3.92 Acres 
LIHTC Project ID00047 
Bedroom Mix # of Units Unit Sq. Ft. Income Targeting Monthly Gross Rent per Unit
26  650  50%  $703 
650  60%  $740 
870  50%  $842 
870  60%  $842 

Target Income Summary:
Seventy-eight percent of the units are targeted to older persons whose income is 50% or less of the median gross income and twenty-two percent are targeted to older persons whose income is 60% or less of the median gross income

For More Information

Questions regarding Year 15 Properties can be directed to TaxCreditQuestions@schousing.com in the Housing Development Division.