Swansea Apartments, Lp

295 N Lawrence Ave
Swansea, South Carolina
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There are 40 low-income apartments in Swansea that offer reduced rents to eligible households.

Rental assistance programs support 0 low-income homes in Swansea where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $-4 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Swansea, 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.

Housing Authority Programs
Cayce Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
South Carolina State Housing Finance and Development Authority Section 8 Housing Choice Voucher (HCV); Homeownership Voucher
Go to the South Carolina Public Housing and Low-Income Apartments Waiting Lists page for openings near Swansea.

Swansea, South Carolina Affordable Housing Data

Income Based Apartments in Swansea, South Carolina

Swansea features 0 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 Swansea, South Carolina

There are 40 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Swansea.

Housing Choice Vouchers in Swansea, South Carolina

On average, Section 8 Housing Choice vouchers pay Swansea landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Swansea.

The maximum amount a voucher would pay on behalf of a low-income tenant in Swansea, South Carolina for a two-bedroom apartment is between $1,013 and $1,238.

2023 Swansea, 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
Swansea, South Carolina Fair Market Rent $944 $996 $1,125 $1,442 $1,724
Swansea, South Carolina Payment Standard Range $850 to $1,038 $896 to $1,096 $1,013 to $1,238 $1,298 to $1,586 $1,552 to $1,896

Sourced from federal housing data and AffordableHousingOnline.com research.

Swansea, SC Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 40
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 35.31%
Average Renter Household Size 2.46
Average Household Size 2.33
Median Household Income $30,500 ±$3,509
Median Rent $789 ±$121
Percentage Of Renters Overburdened 56.64% ± 21.17pp
Total Population 746

Population and Household Demographics

Swansea is a city in Lexington County, South Carolina with a population of 746. There are 320 households in the city with an average household size of 2.33 persons. 35.31% of households in Swansea are renters.

Income and Rent Overburden in Swansea

The median gross income for households in Swansea is $30,500 a year, or $2,542 a month. The median rent for the city is $789 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Swansea, a household making less than $2,630 a month would be considered overburdened when renting an apartment at or above the median rent. 56.64% of households who rent are overburdened in Swansea.

Area Median Income In Swansea

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 Swansea, the AMI is calculated from all households within Lexington County.

In Swansea, HUD calculates the Area Median Income for a family of four as $83,900

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 Swansea

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 Swansea

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30% AMI Income Limits
Renters earning up to 30% of the Swansea AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,650 $20,150 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% AMI Income Limits
Renters earning up to 50% of the Swansea AMI may qualify for rental assistance programs that target Very Low Income households.
$29,400 $33,600 $37,800 $41,950 $45,350 $48,700 $52,050 $55,400
80% AMI Income Limits
Renters earning up to 80% of the Swansea AMI may qualify for rental assistance programs that target Low Income households.
$47,000 $53,700 $60,400 $67,100 $72,500 $77,850 $83,250 $88,600