Affordable Housing In Great Falls
Chester County, South Carolina

3 Low Income Apartment Communities In Great Falls

Melrose Lane Apartments

300 Sunset Ave
Great Falls, South Carolina
Call For Rent
1-2 BR
Subsidized

Great Falls Apartments

800 CHESTER AVE
Great Falls, South Carolina
Call For Rent
1-2 BR

Catawba Falls Apartments

810 Dearborn St
Great Falls, South Carolina
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Section 8 Vouchers, Apartments, and Waiting Lists in Great Falls, South Carolina

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Great Falls, South Carolina

Housing Authority Programs
Rock Hill Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV)

Guide To Affordable Housing in Great Falls, South Carolina

There are 3 low income housing apartment communities offering 58 affordable apartments for rent in Great Falls, South Carolina.

Income Based Apartments in Great Falls, South Carolina

Great Falls features 48 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Great Falls, South Carolina

There are 10 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Great Falls.

Housing Choice Vouchers in Great Falls, South Carolina

On average, Section 8 Housing Choice vouchers pay Great Falls landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Great Falls.

The maximum amount a voucher would pay on behalf of a low-income tenant in Great Falls, South Carolina for a two-bedroom apartment is between $648 and $792.

2021 Great Falls, South Carolina Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Great Falls, South Carolina Fair Market Rent $553 $556 $720 $941 $1,109
Great Falls, South Carolina Payment Standard Range $498 to $608 $500 to $612 $648 to $792 $847 to $1,035 $998 to $1,220

Sourced from federal housing data and AffordableHousingOnline.com research.

Great Falls, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 58
Total Housing Units with Rental Assistance 48
Percentage of Housing Units Occupied By Renters 31.71%
Average Renter Household Size 3.11
Average Household Size 2.70
Median Household Income $27,887 ±$2,495
Median Rent $593 ±$85
Percentage Of Renters Overburdened 31.58% ± 12.22pp
Total Population 1,944

Population and Household Demographics

Great Falls is a city in Chester County, South Carolina with a population of 1,944. There are 719 households in the city with an average household size of 2.70 persons. 31.71% of households in Great Falls are renters.

Income and Rent Overburden in Great Falls

The median gross income for households in Great Falls is $27,887 a year, or $2,324 a month. The median rent for the city is $593 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Great Falls, a household making less than $1,977 a month would be considered overburdened when renting an apartment at or above the median rent. 31.58% of households who rent are overburdened in Great Falls.

Area Median Income In Great Falls

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 Great Falls, the AMI is calculated from all households within Chester County.

In Great Falls, HUD calculates the Area Median Income for a family of four as $57,100

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 Great Falls

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 HUD Rental Assistance in Great Falls

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Great Falls AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $30,700 $32,950 $35,250 $37,500
50% AMI Income Limits
Renters earning up to 50% of the Great Falls AMI may qualify for rental assistance programs that target Very Low Income households.
$19,900 $22,750 $25,600 $28,400 $30,700 $32,950 $35,250 $37,500
80% AMI Income Limits
Renters earning up to 80% of the Great Falls AMI may qualify for rental assistance programs that target Low Income households.
$31,850 $36,400 $40,950 $45,450 $49,100 $52,750 $56,400 $60,000