Affordable Housing In Fort Mill
York County, South Carolina

7 Low Income Apartment Communities In Fort Mill

Avery Lake Apartments

100 Lestina Dr
Fort Mill, SC
HCV Welcome

Forest Ridge

2300 Forest Ridge Dr
Fort Mill, SC
HCV Welcome

Comm Research and Dev Assoc

Avery Lake
Fort Mill, SC
HCV Welcome

Knollwood Apartments

706 Banks Rd
Fort Mill, SC

Bozeman Drive

130 Bozeman Dr
Fort Mill, SC

Glenwood Falls

917 Archie St
Fort Mill, SC
HCV Welcome

Edgewood Apartments

1550 Banks Rd
Fort Mill, SC
HCV Welcome
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Housing Authorities that serve Fort Mill

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

Guide To Affordable Housing in Fort Mill, South Carolina

According to federal housing data and research, there are 7 low income housing apartment communities offering 625 affordable apartments for rent in Fort Mill, South Carolina. Fort Mill features 142 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 483 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Fort Mill.

Fort Mill, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 625
Total Housing Units with Rental Assistance 142
Percentage of Housing Units Occupied By Renters 35.45%
Average Renter Household Size 2.18
Average Household Size 2.53
Median Household Income $61,773 ±$5,956
Median Rent $855 ±$42
Percentage Of Renters Overburdened 49.15% ± 8.63pp
Total Population 12,525

Population and Household Demographics

Fort Mill is a City in York County, South Carolina with a population of 12,525. There are 4,953 households in the city with an average household size of 2.53 persons. 35.45% of households in Fort Mill are renters.

Income and Rent Overburden in Fort Mill

The median gross income for households in Fort Mill is $61,773 a year, or $5,148 a month. The median rent for the city is $855 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fort Mill, a household making less than $2,850 a month would be considered overburdened when renting an apartment at or above the median rent. 49.15% of households who rent are overburdened in Fort Mill.1

Area Median Income In Fort Mill

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 Fort Mill, the AMI is calculated from all households within York County.

In Fort Mill, HUD calculates the Area Median Income for a family of four as $79,000

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 Fort Mill

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 Fort Mill HUD Rental Assistance in Fort Mill

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,600 $19,000 $21,350 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
80% of Median $44,250 $50,600 $56,900 $63,200 $68,300 $73,350 $78,400 $83,450
Low Income Housing Tax Credits in Fort Mill

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

From 1988 to 2004, 4 low income apartment communities containing 279 rental apartments have been constructed and made affordable to low income persons in Fort Mill 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 Fort Mill

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $27,650 $31,600 $35,550 $39,500 $42,700 $45,850 $49,000 $52,150
60% of Median $33,180 $37,920 $42,660 $47,400 $51,240 $55,020 $58,800 $62,580

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 Fort Mill is $42,660 a year, or $3,555 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,555 by 30% to get a maximum rent of $1,067 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% $691 $741 $889 $1,028 $1,146 $1,264
60% $830 $889 $1,067 $1,233 $1,376 $1,517
Fair Market Rents in Fort Mill

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
$907 $934 $1,063 $1,423 $1,828