505 Shelly Place, Woodruff, SC 29388
Waiting List Forecast: Likely Short or None
Verified for 2019 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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 Terraces at Woodruff is a multi-family, scattered site development located in Woodruff, SC. The site consists of two and three bedroom two bath duplex units, as well as three bedroom two bath single family homes. Each two bedroom two bath duplex contains 1,000 square feet, while each three bedroom two bath duplex contains 1,200 square feet. Each three bedroom two bath single family home consists of 1,300 square feet. The Terraces at Woodruff offers many amenities. Each duplex is equipped with washer and dryer connections, while each single family home contains a washer and dryer. Some other amenities are, but are not limited to: 18 cubic foot Energy Star rated refrigerator-freezer with ice maker, stove, over the range mounted microwave, dishwasher, ceiling fans, outside storage unit, beautiful interiors and more! Also onsite: Playground with covered and uncovered bench seating nearby, a 1,200 square foot Community Center for resident gatherings and tenant meetings, exercise room with nautilus style work-out machines, laundry facility, as well as a resident Computer Center. For further information on how to live in this affordable, beautiful community, please call (864) 670-9708.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests The Terraces at Woodruff does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $27,700 / year | $31,650 / year | $35,600 / year | $39,550 / year | $42,750 / year | $45,900 / year | $49,050 / year | $52,250 / year |
| 50% AMI for PBRA Units | $27,700 / year | $31,650 / year | $35,600 / year | $39,550 / year | $42,750 / year | $45,900 / year | $49,050 / year | $52,250 / year |
| 60% AMI for LIHTC Units | $33,240 / year | $37,980 / year | $42,720 / year | $47,460 / year | $51,300 / year | $55,080 / year | $58,860 / year | $62,700 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Terraces at Woodruff have a waiting list?
The Terraces at Woodruff 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 Terraces at Woodruff?
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.
In addition to The Terraces at Woodruff, how many other affordable housing properties (and units) are there in Woodruff?
In addition to The Terraces at Woodruff, we list 3 other affordable properties in Woodruff. Learn about these properties here. Our data research shows that there are a total of 190 affordable units in Woodruff.
233 E Griffith St, Woodruff, South Carolina 29388
100 Theo Cir, Woodruff, South Carolina 29388
Wait until you have a Section 8 voucher to find housing.
It usually takes months or years to reach the top of a Section 8 HCV waiting list. Any apartments you see now will likely not be available when you get your voucher.Duane Lindoff says:
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