Subsidized Housing
Subsidized Housing, sometimes referred to as "Income-Based Housing", is a generic term covering all federal, state or local government programs that reduce the cost of housing for low- and moderate-income residents. Housing can be subsidized in numerous ways—giving tenants a rent voucher, helping homebuyers with downpayment assistance, reducing the interest on a mortgage, providing deferred loans to help developers acquire and develop property, giving tax credits to encourage investment in low- and moderate-income housing, authorizing tax-exempt bond authority to finance the housing, providing ongoing assistance to reduce the operating costs of housing and others. Public housing, project-based Section 8, Section 8 vouchers, and tax credits are all examples of subsidized housing. Subsidized housing can range from apartments for families to senior housing high-rises. Subsidized simply means that rents are reduced because of a particular government program. It has nothing to do with the quality, location or type of housing.
Oconee County Low-Income Housing Options
Unsubsidized Housing
Unsubsidized Housing refers to programs without the federal/state subsidies mentioned in the previous section. The prices and availability of these housing developments are not only dictated by supply and demand, but also market trends (i.e. building material/labor costs, property value, interest rates, tax adjustments, and utility fluctuations). More aggressive budgeting and planning is recommended before applying for Unsubsidized Housing. Lease arrangements vary greatly in length, from 6 to 18 month options. As a result, these developments often have long waiting lists. Consequently, they should not be considered a viable emergency option for impending homeless persons.
Apartment Rental Options for Oconee County
Property Management/Private Landlord
Independent Property Management entities and Private Landlords are the most diverse housing options. These are often some of the only available single family detached households for rent on the market, and have prices driven by more local market metrics. Also, they are typically controlled by local entities or individuals. This leads to more open-minded rental policies and possible appeals to adverse reactions to application. As with Unsubsidized Housing, this housing option has varying lease lengths. Leases of these properties is almost always first-come-first-served, leading to unpredictable availability. Persistency is key to getting the property you want, or may even need.
864-888-7104
210 N Pine St.
Seneca, SC 29678
864-882-3953
807 Bypass 123, STE 30
Seneca, SC 29678
