Affordable Housing In Florence
Florence County, South Carolina

28 Low Income Apartment Communities In Florence

Attwood Pointe

155 Attwood Ave
Florence, SC
Call For Rent
2-3 BR
HCV Welcome

Willow Glen Apartments

226 E Howe Springs Rd
Florence, SC
62+
Accessible
Elderly Supportive Housing
Subsidized

Crescent Villas

2424 Hoffmeyer Rd
Florence, SC
HCV Welcome

Mt Zion Ame

619 Ervin Court
Florence, SC
Subsidized

The Trellis Apartments

2827 S Canal Dr
Florence, SC
Accessible
Disabled Supportive Housing
Subsidized

Village Creek, Alp

2212 Pamplico Hwy
Florence, SC
Subsidized

Irby Senior Living

125 Federal Court
Florence, SC
HCV Welcome

Hickory Knoll Apartments

2206 Pamplico Hwy
Florence, SC
62+
Accessible
Elderly Supportive Housing
Subsidized

Pelican House, Inc

300 Conyers Ave
Florence, SC
62+
Accessible
Elderly Supportive Housing
Subsidized

Florence City Apartments

417 S Church St
Florence, SC
HCV Welcome

Housing Authorities that serve Florence

Housing Authority Programs
Housing Authority of Florence Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Florence, South Carolina

According to federal housing data and AffordableHousingOnline.com research, there are 28 low income housing apartment communities offering 1,566 affordable apartments for rent in Florence, South Carolina. Florence features 1,056 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 510 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Florence.

Florence, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 28
Total Low Income Apartments 1,566
Total Housing Units with Rental Assistance 1,056
Percentage of Housing Units Occupied By Renters 41.7%
Average Renter Household Size 2.29
Average Household Size 2.45
Median Household Income $42,853 ±$3,671
Median Rent $682 ±$24
Percentage Of Renters Overburdened 48.41% ± 5.61pp
Total Population 38,000

Population and Household Demographics

Florence is a City in Florence County, South Carolina with a population of 38,000. There are 15,251 households in the city with an average household size of 2.45 persons. 41.7% of households in Florence are renters.

Income and Rent Overburden in Florence

The median gross income for households in Florence is $42,853 a year, or $3,571 a month. The median rent for the city is $682 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Florence, a household making less than $2,273 a month would be considered overburdened when renting an apartment at or above the median rent. 48.41% of households who rent are overburdened in Florence.1

Area Median Income In Florence

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Florence, the AMI is calculated from all households within Florence County.

In Florence, HUD calculates the Area Median Income for a family of four as $62,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Florence

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Florence HUD Rental Assistance in Florence

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,750 $16,910 $21,330 $25,750 $30,170 $34,590 $37,650 $40,100
50% of Median $21,250 $24,300 $27,350 $30,350 $32,800 $35,250 $37,650 $40,100
80% of Median $34,000 $38,850 $43,700 $48,550 $52,450 $56,350 $60,250 $64,100
Low Income Housing Tax Credits in Florence

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1988 to 2012, 7 low income apartment communities containing 308 rental apartments have been constructed and made affordable to low income persons in Florence by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Florence

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $21,250 $24,300 $27,350 $30,350 $32,800 $35,250 $37,650 $40,100
60% of Median $25,500 $29,160 $32,820 $36,420 $39,360 $42,300 $45,180 $48,120

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Florence is $32,820 a year, or $2,735 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,735 by 30% to get a maximum rent of $821 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $531 $569 $684 $789 $881 $972
60% $638 $683 $821 $947 $1,058 $1,166
Fair Market Rents in Florence

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$607 $611 $785 $991 $1,219