The Waters at Magnolia Bay

10765 US Hwy 78, Summerville, SC 29483

Waiting List Forecast: Likely Short or None

check_circleVerified for 2026 by Connor Bailey, Joshua Cappell

Rent	Beds	Baths	SqFt
Call for Rents^†	Floorplan Info Upon Request	-	-

Call (843) 900-7960

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.

The future feels bright at The Waters at Magnolia Bay, which features numerous amenities designed to enhance your everyday experience. Unwind in the refreshing waters of their swimming pool, and enjoy a lush outdoor area with a playground, picnic benches, and barbecue grills. Live in a fresh, modern home with an elegant kitchen, and take advantage of easy access to shops and restaurants from their location on Highway 78. With weekly social activities and a genuine sense of community, Waters at Magnolia Bay is where you will truly feel at home.

Dave's Thoughts On The Waters at Magnolia Bay

Because The Waters at Magnolia Bay 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

The Waters at Magnolia Bay Amenities

Fitness Center
Playground
Business Center
Dishwasher
Garbage Disposal
Washer and Dryer Hookup
Refrigerator
Stove
Laundry Facilities
Swimming pool

Income Qualification for The Waters at Magnolia Bay

*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	7 people	8 people
50% AMI for LIHTC Units	$34,050 / year	$38,900 / year	$43,750 / year	$48,600 / year	$52,500 / year	$56,400 / year	$60,300 / year	$64,200 / year
50% AMI for PBRA Units	$34,050 / year	$38,900 / year	$43,750 / year	$48,600 / year	$52,500 / year	$56,400 / year	$60,300 / year	$64,200 / year
60% AMI for LIHTC Units	$40,860 / year	$46,680 / year	$52,500 / year	$58,320 / year	$63,000 / year	$67,680 / year	$72,360 / year	$77,040 / year

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

FAQs for The Waters at Magnolia Bay

Does The Waters at Magnolia Bay have a waiting list?

The Waters at Magnolia Bay 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 The Waters at Magnolia Bay?

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 The Waters at Magnolia Bay?

The Waters at Magnolia Bay is managed by Atlantic Housing headquartered in Dallas, Texas.

In addition to The Waters at Magnolia Bay, how many other affordable housing properties (and units) are there in Summerville?

In addition to The Waters at Magnolia Bay, we list 17 other affordable properties in Summerville. Learn about these properties here. Our data research shows that there are a total of 1320 affordable units in Summerville.

When was the The Waters at Magnolia Bay listing last updated?

The Waters at Magnolia Bay listing on Affordable Housing Online was last updated on 07/06/2026 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.