Press Releases
Housing Authority to Offer Tax Credit Roundtable - 8/27/2003
The South Carolina State Housing Finance and Development Authority will sponsor a Low Income Housing Tax Credit Roundtable for the 2004 program year on Friday, September 19th at Embassy Suites, 200 Stoneridge Drive in Columbia.
The Roundtable, scheduled from 8:30 A.M. until 1:00 P.M., is being held to discuss South Carolina’s 2003 Low Income Housing Tax Credit program and provide a chance for interested persons to offer ideas on how to improve the 2004 program year. Attendees are encouraged to submit topics in advance for discussion. These suggestions can be e-mailed to Laura.Nicholson@sha.state.sc.us or faxed to (803) 734-2390 or by mail to SCSHFDA, LIHTC Roundtable, 919 Bluff Road, Columbia, SC 29201.
Under the Housing Credit program, investors are entitled to an annual income tax credit for 10 years, based on the type of investment used. In return for the credits, the owners must agree to rent units to households whose incomes, based on HUD-published median income limits, qualify as below the median income for the county. The Housing Credit program is designed to compensate the property owner for charging rents that are lower than what would be considered feasible without the credits. The program, regulated by the Internal Revenue Service and administered statewide by the South Carolina State Housing Authority, awards tax credits equal to $1.75 per capita.
There is no registration fee for this Roundtable Discussion but people attending must register in order for adequate materials to be available to all attendees. To register, please call Shante Edmonds at (803) 734-4761.
The South Carolina State Housing Finance and Development Authority is a self-supporting agency of state government and operates at no cost to the taxpayers of the state.
Equal Housing Opportunity