A 68-unit affordable-housing apartment complex in greater Bluffton will inch toward fruition with a groundbreaking ceremony today.
The $10 million May River Village Apartments complex will be on six acres at the intersection of Bruin and Burnt Church roads.
Development company Bennett & Reindl LLC has received an $850,000 tax credit administered by the S.C. State Housing, Finance and Development Authority to provide low-income housing.
In addition, the county waived about $160,000 in traffic and fire impact fees after determining the complex would not require additional roads or hinder emergency access, according to county planning director Tony Criscitiello.
State statute requires that apartments billed as "affordable" must be rented to households that earn 80 percent of the area median income. In Beaufort County, that ranges from $30,750 to $49,500, depending on family size.
However, 51 of the 68 units will be rented to households that earn 60 percent of the median income, and 17 of them to families that earn 50 percent, said Duane Reindl, a principal partner in the development company.
Those income targets helped the developers win the award from the Affordable Housing Tax Credit Program, Reindl said.
The complex will have one-, two- and three-bedroom apartments that range in size from 715 square feet to more than 1,280 square feet. It includes five buildings of two and three stories, as well as a clubhouse. The rents will range from $515 to $795 per month.
Reindl said construction probably will be completed by January.