Planners, housing professionals, and community leaders gathered for a working session on housing affordability. This session focused on funding sources, including the SC Housing Trust Fund, USDA Rural Development programs, local housing trust funds, and the LIHTC program.
Speaker Libba King with Greenville Housing Fund shared how Greenville Housing Fund (GHF) uses Low-Income Housing Tax Credits (LIHTC) as a financing tool to make affordable housing projects financially feasible. They generally partner with developers, help structure deals, and sometimes serve as a co-developer or equity partner to secure and use tax credits for projects in Greenville County.
https://greenvillehousingfund.com/
Speaker Katy Davenport with CommunityWorks spoke about housing trust funds and how they function throughout the state. And up to 15% of ATAX dollars can be used for workforce housing solutions. Funding can be delivered in many different ways to support affordable housing.
https://communityworkscarolina.org/regional-housing-trust-funds
Speaker Jack Suber with South Carolina Housing Trust Fund shared the Home Repair Program, a valuable resource for developing and maintaining safe, quality affordable housing for low to very low-income households within the state. Funding and assistance foreligible home repairs and supportive housing projects are provided through three core programs—The Home Repair Program, Critical Home Repair Program, and Supportive Housing Program. SC Housing administers the HTF program in partnership with other government organizations, non-profit sponsors and affordable housing developers. The HTF program also coordinates its efforts with other federal, state, and local housing assistance programs to achieve maximum benefit for participants.
https://www.schousing.sc.gov/development/south-carolina-housing-trust-fund
SC Housing Trust Funds developed a streamlined application process disaster home repair program after Hurricane Helene.
https://schousing.sc.gov/development/south-carolina-housing-trust-fund-htf