Cheap Apartments In Indian Land
Lancaster County, South Carolina


Waiting List Openings In Indian Land

Waiting ListStatus
Housing Authority of Fort Mill Public Housing Open Now

There are 0 low income housing apartment complexes which contain 0 affordable apartments for rent in Indian Land, South Carolina. Many of these rental apartments are income based housing with about 0 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Indian Land. There are 0 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Indian Land

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

Understanding Affordable Housing in Indian Land, South Carolina

Area Median Income In Indian Land

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 Indian Land, the AMI is calculated from all households within Lancaster County.

In Indian Land, HUD calculates the Area Median Income for a family of four as $56,800

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 Indian Land

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 Indian Land HUD Rental Assistance in Indian Land

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,140 $16,460 $20,780 $25,100 $29,420 $32,950 $35,250 $37,500
50% of Median $19,900 $22,750 $25,600 $28,400 $30,700 $32,950 $35,250 $37,500
80% of Median $31,850 $36,400 $40,950 $45,450 $49,100 $52,750 $56,400 $60,000

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

You can identify apartment communities that participate in the program in Indian Land by looking for the tag in the apartment list above. View Apartments.

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 Indian Land

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,900 $22,750 $25,600 $28,400 $30,700 $32,950 $35,250 $37,500
HERA 50% $20,450 $23,350 $26,250 $29,150 $31,500 $33,850 $36,150 $38,500
60% of Median $23,880 $27,300 $30,720 $34,080 $36,840 $39,540 $42,300 $45,000
HERA 60% $24,540 $28,020 $31,500 $34,980 $37,800 $40,620 $43,380 $46,200

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 Indian Land is $30,720 a year, or $2,560 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,560 by 30% to get a maximum rent of $768 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% $498 $533 $640 $739 $824 $909
60% $597 $640 $768 $887 $989 $1,091
Fair Market Rents in Indian Land

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.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$505 $626 $796 $1,076 $1,098