UNION — The recent below freezing weather shows the need for affordable housing for the low-income residents of Union County according to an official with the company that manages the Fairforest Apartments on Main Street.
Kelly Barringer, Senior Regional Property Manager with Landmark Property Management Company, said that Fairforest Apartments currently has eight apartments available for persons with low- and/or fixed incomes who need affordable housing. Barringer said the recent cold spell that sent temperatures in Union County well below freezing shows the need for the kind of affordable housing that Fairforest Apartments can provide for persons whose incomes may not be sufficient enough to enable them to obtain it otherwise.
“We have up to eight vacant units which are based on income,” Barringer said. “These are affordable housing so there are some income restrictions. It is based on the median income for the area.
“On average, residents pay 30 percent of their monthly adjusted income as rent,” he said. “Adjusted income means they can deduct out of pocket medical expenses from their annual income. If, for example, they are getting $12,000 a year and they have $2,000 in out of pocket medical expenses, they can deduct that so the adjusted gross income would be $10,000. We would divide that by 12 to get their monthly income. Then we time that by 30 percent to get their monthly rent.”
Barringer added that residents who meet the income criteria for the apartments are also given a utility allowance which can be taken off their rent.
In addition, Barringer said Fairforest Apartments has on-site management, maintenance, and laundry facilities.
For more information about Fairforest Apartments call 864-429-3211.
Editor Charles Warner can be reached at 864-427-1234, ext. 14, or by email at email@example.com.