New Chester Townhouses I & II

628 Lancaster St Hwy 301, Chester, South Carolina 29706

New Chester Townhouses I & II, located at 628 Lancaster St Hwy 301 in Chester, SC has one and two bedroom apartments. New Chester Townhouses I & II participates in the HOME Investment Partnerships Program, Low-Income Housing Tax Credit (LIHTC) and Section 515 Rural Rental Housing programs.

Contact New Chester Townhouses I & II

Message New Chester Townhouses I & II

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price
2 Bedrooms (2/1) - Call for Price

New Chester Townhouses I & II Details

  • 62 one and two bedroom units.
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing

Office Hours

Day Hours
Monday 8:30am-5:00pm
Tuesday 8:30am-5:00pm
Wednesday 8:30am-5:00pm
Thursday 8:30am-5:00pm
Friday 8:30am-5:00pm

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

New Chester Townhouses I & II is managed by Boyd Management.

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