East Side of Matthews Rd, Lake City, SC 29560
Waiting List Forecast: Likely Short or None
Verified for 2024 by Connor Bailey| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 3 Beds | 2 Baths | - |
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.
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 Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/2) | - | Call for Price† |
| Three Bedroom (3/2) | - | Call for Price† |
| 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.
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.
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