Colony Apartments

3545 W Beltline Blvd, Columbia, South Carolina 29203

Welcome to Colony Apartments where you can find comfortable and affordable housing for your family. Colony Apartments is currently undergoing a renovation that encompasses extensive exterior and interior work. Our renovated community features two-bedroom apartment homes in a multi-building, garden-style fenced secured complex located in east Columbia's Bailey Street/Lester Drive neighborhood. Only five miles to downtown Columbia, Colony Apartments is located in close proximity to shopping, dining and schools. There are three bus stops at Colony making transportation a breeze.

Our residents enjoy a wide range of amenities including on-site property management and maintenance; secure property with perimeter fencing and 24-hour surveillance; new community center; playgrounds; and upgraded commercial laundry center. Our professional staff looks forward to providing you with the highest standard of professional property management and are committed to improving the communities where we live and work. It's a great place to call home!

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) - Income Based

Colony Apartments Details

  • 300 two bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Playground
  • Community Room
  • On-Site Management
  • Off Street Parking
  • On-Site Maintenance
  • Laundry Facilities
  • Courtesy Patrol

Unit Amenities

  • Central Heat & Air
  • Private Patios
  • Energy Efficient Appliances
  • Newly Remodeled Kitchens

Nearby Amenities

  • Close to Dining
  • Close to Public Transportation
  • Close to Shopping
  • Near Schools

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Columbia HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Columbia but actual income limits may differ for units at Colony Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,200 $17,420 $21,960 $26,500 $31,040 $35,580 $40,120 $44,660
50% $25,250 $28,850 $32,450 $36,050 $38,950 $41,850 $44,750 $47,600
80% $40,400 $46,200 $51,950 $57,700 $62,350 $66,950 $71,550 $76,200

Columbia Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Columbia but actual income limits may differ for units at Colony Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $25,250 $28,850 $32,450 $36,050 $38,950 $41,850 $44,750 $47,600
Low Income (60%) $30,300 $34,620 $38,940 $43,260 $46,740 $50,220 $53,700 $57,120

Colony Apartments is managed by Monroe Group Ltd..

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