State and local governments sell tax-exempt Housing Bonds, commonly known as Multifamily Housing Bonds, and use the money to finance construction of apartments that are affordable to lower income families. SC Housing's Multifamily Tax-Exempt Bond Financing Program provides permanent real estate financing for property being developed for multifamily rental use. Development teams should have sufficient experience in multifamily rental housing designed for use by low to moderate income tenants to assure the successful completion and operation of the development.
SC Housing has issued a Notice of Major Disaster Relief & Emergency Housing Relief Authorization for Displaced Individuals.
This Notice impacts LIHTC and Tax-Exempt Bond properties only.
The submission week for Tax-Exempt Bond (TEB) Applications begins Monday, October 21, 2024 and the application period will close Friday, October 25, 2024 at 5 pm (ET). For information regarding the 2024 Anticipated Tax-Exempt Bond Program Schedule click here.
Questions regarding the Multifamily Tax-Exempt Bond Financing Program can be submitted via email to TaxExemptBondProgram@schousing.com.