Housing Authority Makes Over $1.4 Million in Trust Fund Awards - 3/19/2004
[Columbia, SC] The Board of Commissioners for the South Carolina State Housing Finance and Development Authority recently approved $1,462,217.03 in Trust Fund awards at their regular monthly meeting. These awards are for the acquisition, rehabilitation, and/or construction of 34 properties throughout Spartanburg, Charleston, Oconee, Orangeburg, Sumter, Lexington, Chesterfield, Berkeley, Bamberg, Richland, Kershaw, Aiken, Greenville, and Spartanburg counties.
The awards are as follows:
Charleston Affordable Housing, Inc. - $20,000 for the construction of a three-bedroom home in Awendaw to house a lower income family below 80 percent but above 50 percent of the county median income.
Oconee County Habitat for Humanity - $20,000 for the construction of a 4-bedroom homes located in located in Walhalla to be occupied by a lower income family.
Sea Island Habitat for Humanity - $100,000 for the construction of four 3-bedroom homes and a four-bedroom home located on Johns Island. These homes
will be occupied by lower-income families.
Charleston Bank Consortium - $19,958 for the acquisition of a three-bedroom home located in Charleston to be occupied by a lower income family.
Santee Lynches Affordable Housing & CDC - $11,500 for the acquisition of a two-bedroom home in Columbia, $6,979.35 for the rehabilitation of a three bedroom home in Pageland, and $5,859 for the rehabilitation of a three-bedroom home in Sumter. These homes will house low and very low-income families. .
Camden First Community Development Corporation - $54,508.28 for the rehabilitation of three 3-bedroom homes, one 4-bedroom home, and a two-bedroom home. These homes, located in Camden, will be occupied by lower income families.
Claflin College Community Development Corporation - $26,946.90 for the rehabilitation of a three bedroom home in Branchville and a four-bedroom home in Orangeburg. These homes will be occupied very low-income elderly families at or below 50 percent of the county median income.
Community Assistance Provider, Inc. - $4,850 for the rehabilitation of a four-bedroom home located in Sumter, and $5,130.15 for the rehabilitation of a three-bedroom home located in West Columbia. Very low-income disabled families will occupy these homes.
United Methodist Relief Center - $9,999.81 for the rehabilitation of a two-bedroom home located in Huger and $13,349.43 for the rehabilitation of one 4-bedroom home and one 3-bedroom home located in Mt. Pleasant. These homes will house very low-income families.
Voorhees Denmark Community Development Corporation - $16,345.11 for the rehabilitation of three 3-bedroom homes in Denmark to house very low-income elderly families or individuals.
Community Development & Improvement Corporation - $318,318 for the new construction and acquisition of a residential multifamily complex located in Aiken to house lower income families.
Companion at Biltmore LP - $250,000 for the acquisition and rehabilitation of a three-bedroom house located in Spartanburg to be occupied by low-income families.
Jamestown Water Systems - $310,000 for the acquisition and rehabilitation of
seven single two-bedroom units located in Rock Hill to be occupied lower income families.
Lauren Development, LLC - $135,000 for the construction of three single-family units in Spartanburg to house very low-income families.
WRM Enterprises, Inc. - $33,170 for the acquisition and rehabilitation of a three-bedroom home and $41,716 for the acquisition and rehabilitation of two housing units. These housing are located in Spartanburg and will house lower income families.
Chesterfield Board of Disabilities and Special Needs - $58,587 for the acquisition and rehabilitation of a four-bedroom home located in Wallace to be occupied by very low-income special needs individuals.
Capital for the Housing Trust Fund is generated by the documentary stamp tax. 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) 734-1348 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.