Housing Authority Makes Over $1 Million in Trust Fund Awards - 10/24/2002
[Columbia, SC] The Board of Commissioners for the South Carolina State Housing Finance and Development Authority recently approved $1,192,848.80 in Trust Fund awards at their regular monthly meeting. These awards are for the acquisition, rehabilitation, and/or construction of 27 properties throughout Beaufort, Orangeburg, Jasper, Charleston, Pickens, Sumter, Chesterfield, Greenville, Newberry, Greenwood, and Aiken counties.
The awards are as follows:
Lowcountry Community Development Corporation (CDC) - $37,218 for the acquisition of 2 three-bedroom houses in Beaufort and $11,122 for the acquisition of a two-bedroom home in Hilton Head. An award of $9,745 was also given for the construction of a three-bedroom house in Hardeeville. These homes will be occupied by lower income families above 50 percent but below 80 percent of the county median income.
Edisto Habitat for Humanity- $10,000 for the construction of a four-bedroom house in Orangeburg for a lower income family.
Lowcountry Housing & Economic Development Foundation, Inc.- $88,373 for the construction of 5 (2 two-bedroom and 3 three-bedroom) houses located in Awendaw to be occupied by very low-income families at or below 50 percent of the county median income.
Nehemiah Corporation - $13,346.84 for the construction of a three-bedroom house in Easley to house a lower income family, $250,000 for the construction of 12 rental units in Newberry to house very low-income disabled individuals, $250,000 for the construction of 12 rental units in Greenwood to be occupied very low income disabled individuals, and, $123,891 for the construction of 8 rental units in Aiken to house lower income elderly individuals.
Sea Island Habitat for Humanity - $20,000 for the construction of a four-bedroom house and $20,000 for the construction of a three-bedroom house. Both houses will be located in Johns Island and will be occupied by lower income families.
Pickens County Habitat for Humanity - $11,500 for the construction of a three-bedroom house located in Easley to be occupied by a lower income family.
United Methodist Relief Center- $22,440 for the construction of three 3-bedroom houses and one 4-bedroom house located in Hollywood. An award of $10,500 was also made for the rehabilitation of a two-bedroom house in Greenville. Low and very low-income individuals or families will occupy these homes.
Santee Lynches Affordable Housing and CDC - $11,460 for the rehabilitation of a three-bedroom house located in Sumter to be occupied by a lower income family.
Sumter County CDC - $11,000 for the rehabilitation of two 3-bedroom homes in Sumter to be occupied by low and very low-income elderly or disabled individuals.
Homes of Hope, Inc. - $42,253 for the rehabilitation of a two-bedroom house in Greenville to house a very low-income family.
Upstate Homeless Coalition - $250,000 for the construction of 10 rental units located in Greenville to house very low income families.
Proceeds awarded by the Trust Fund cannot exceed approximately 50 percent of the total development cost of the project and can only be used to serve households that are at or below 80 percent of the county median income.
Persons interested in obtaining more information on the Housing Trust Fund may contact the Authority at (803) 734-2165 or visit the agency’s website: www.sha.state.sc.us. Hearing or speech impaired persons may use the TTY line (803) 734-2369.
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.