Palmetto Ridge Estates

East Side of Matthews Rd, Lake City, SC 29560

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Connor Bailey
Rent Beds Baths SqFt
Call for Rents 2 - 3 Beds 2 Baths -
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Family and Senior
check_circle  Affordable

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

Palmetto Ridge features 2- and 3-bedroom apartments in a variety of floor plans. All units come equipped with central heat & air conditioning, washer/dryer hookups, a private patio or balcony, range, dishwasher, microwave, disposal, and refrigerator. Tenants pay electricity, while property management covers water, sewer, and garbage pickup.

Community amenities for this property include a community building with a kitchen area where residents can enjoy community activities and gatherings. The business center features computers with high-speed Internet access for education or leisurely web surfing, as well as software applications to help facilitate personal, educational, and career development. You can also work out at the fitness center, equipped with high-quality equipment and cable television. Relax and enjoy outdoor gatherings with friends and family at the outdoor picnic area while the kids enjoy the playground. Other community features include a laundry room facility and a covered bus stop shelter at the mailboxes.

Dave's Thoughts On Palmetto Ridge Estates

Because Palmetto Ridge Estates participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Palmetto Ridge Estates Amenities

  • Fitness Center
  • Playground
  • Computer Lab
  • Community Room
  • Ceiling Fan(s)
  • Dishwasher
  • Microwave
  • Washer and Dryer Hookup
  • Refrigerator
  • Oven and Range
  • Laundry Facilities
  • Private Patio and Balcony
  • Outside Storage Closets
  • Community Kitchen
  • Package Lockers

Units at Palmetto Ridge Estates

Unit (Bd/Ba) Ft2 Rent
Two Bedroom (2/2) - Call for Price
Three Bedroom (3/2) - Call for Price

Income Qualification for Palmetto Ridge Estates

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people 5 people 6 people
50% AMI for LIHTC Units $24,650 / year $28,150 / year $31,650 / year $35,150 / year $38,000 / year $40,800 / year
50% AMI for PBRA Units $24,650 / year $28,150 / year $31,650 / year $35,150 / year $38,000 / year $40,800 / year
60% AMI for LIHTC Units $29,580 / year $33,780 / year $37,980 / year $42,180 / year $45,600 / year $48,960 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Palmetto Ridge Estates

Does Palmetto Ridge Estates have a waiting list?

Palmetto Ridge Estates probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at Palmetto Ridge Estates?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges Palmetto Ridge Estates?

Palmetto Ridge Estates is managed by Olympia Management INC headquartered in Albertville, AL.

In addition to Palmetto Ridge Estates, how many other affordable housing properties (and units) are there in Lake City?

In addition to Palmetto Ridge Estates, we list 13 other affordable properties in Lake City. Learn about these properties here. Our data research shows that there are a total of 719 affordable units in Lake City.

When was the Palmetto Ridge Estates listing last updated?

Palmetto Ridge Estates listing on Affordable Housing Online was last updated on 03/07/2024 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Palmetto Ridge Estates

Pine Acres

220 Kelley Street, Lake City, South Carolina 29583

bed 2-3
payment Subsidized

Cole Road Apartments

324 Koger Circle, Lake City, South Carolina 29560

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Bailey Gardens Apartments

258 Retha Drive, Lake City, South Carolina 29560

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Marion Commons Senior

154 Lance Ave, Lake City, South Carolina 29560

bed 1-2
payment $532-625/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Highland Pointe Apartments

201 Highland Pointe Dr, Lake City, South Carolina 29560

switch_access_shortcut Short Wait
accessibility Accessible

Wren Village

104 N Matthews Rd, Lake City, South Carolina 29560

payment Subsidized
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.

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