Spruce St Apartments
424 Spruce Street, Spartanburg, South Carolina 29306
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Spruce St Apartments is managed by Pinnacle Family of Companies.
Spruce St Apartments - located at 424 Spruce St, Spartanburg, SC 29303. Offering 2 and 3-Bedroom units.
Waiting List is Closed
Some units at this property are available through Spartanburg Housing Authority's Spartanburg Housing Tax Credit and Rental Assistance Demonstration (RAD) Properties Waiting List. Learn about this waiting list here.Low-Income Housing Tax Credit (LIHTC)
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Rental Assistance Demonstration (RAD)
Since this property is subsidized in part through the Rental Assistance Demonstration (RAD), some apartments may have Section 8 Project-Based Rental Assistance (PBRA) or Section 8 Project-Based Vouchers (PBV). With either type of subsidy, tenant rent payments are 30% of their adjusted monthly income. Households earning less than 80% of the area median income may qualify for PBRA or PBV reduced rents. Some of these subsidized apartments may be reserved for extremely low-income households earning less than 30% of the area median income. If the apartment has a PBV, the tenant may qualify for a Section 8 Housing Choice Voucher (HCV) after living there at least one year. Some rental units in this property may not have PBRA or PBV subsidies and therefore may have higher rents.
Nearby Low Income Apartment Communities like Spruce St Apartments
Highland Crossing Apartments
Parkside at Drayton
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