Development

As part of our vision to provide safe, decent and affordable housing for all South Carolinians, SC Housing partners with affordable housing developers to finance affordable rental housing across the Palmetto State. Non-profit and for-profit organizations as well as governmental agencies apply for financial assistance that provides new and redeveloped housing for the citizens of South Carolina.

We do this through the responsible administration of seven principal programs:

Housing Tax Credit (LIHTC) - Development of units that are accessible to renters at or below 60% of the Area Median Income (AMI).

Multifamily Tax-Exempt Bond Financing (TEB) - Sells bonds to investors and uses the proceeds to fund development and retention of units accessible to renters at or below 60% of AMI.

HOME-ARP - The American Rescue Plan Act of 2021 (ARP) has allocated $26,687,296 in HUD funding to provide housing and supportive services to individuals, households, and members of other vulnerable populations in South Carolina who are homeless or at risk of being homeless.

HOME Investment Partnerships Program (HOME) - A flexible federally funded program used to produce housing for renters at or below 80% of AMI

SC Housing Trust Fund (HTF) - Created by the SC Legislature in 1992, the SC HTF provides funding for many activities including Supportive Housing and Home Repairs.

Small Rental Development Program (SRDP) - Provides for the production of rental housing to renters at various income levels (30%, 50%, 60% and 80%).

National Housing Trust Fund (NHTF) - Provides for the production of rental housing for those who are extremely low income - 30% and below AMI.