SC State Housing Finance & Development Authority: Providing Affordable Housing Solutions
The South Carolina State Housing Finance and Development Authority (SC Housing) is a self-supporting public agency dedicated to providing affordable housing solutions for South Carolinians. Established in 1970, SC Housing plays a vital role in ensuring access to safe, decent, and affordable housing throughout the state.
Mission and Goals
SC Housing's mission is to promote and expand affordable housing opportunities for South Carolinians. Their core goals include:
- Providing financial assistance to individuals and families seeking affordable housing options.
- Supporting the development of new affordable housing units across the state.
- Preserving existing affordable housing by offering preservation programs and resources.
- Educating the public about affordable housing issues and resources.
Services and Programs
SC Housing offers a wide range of services and programs to achieve its mission, including:
For Homebuyers:
- Mortgage Loan Programs: SC Housing provides various mortgage loan programs designed to assist low- and moderate-income homebuyers, including first-time homebuyers, veterans, and seniors.
- Down Payment Assistance: The agency offers down payment assistance programs to help borrowers overcome the financial hurdle of securing a mortgage.
- Homebuyer Education: SC Housing provides free homebuyer education classes to prepare potential homeowners for the process of purchasing a home.
For Housing Developers:
- Tax Credit Programs: SC Housing administers federal and state tax credit programs to incentivize the development of affordable housing units.
- Direct Loans: The agency provides direct loans to developers to support the construction and rehabilitation of affordable housing projects.
- Grants: SC Housing offers various grants to support affordable housing development projects, including rental housing, homeownership, and community development initiatives.
Other Services:
- Rental Assistance Programs: SC Housing provides rental assistance programs to help low-income families afford rental housing.
- Homelessness Prevention Programs: The agency offers programs designed to prevent homelessness and provide support to individuals and families experiencing homelessness.
- Community Development Programs: SC Housing supports community development projects that address a range of needs, including infrastructure improvements, neighborhood revitalization, and economic development.
Impact and Achievements
SC Housing has a long history of making a positive impact on the lives of South Carolinians. The agency has:
- Financed the construction of over 100,000 affordable housing units.
- Assisted over 500,000 families with homeownership.
- Provided millions of dollars in rental assistance.
- Helped thousands of families avoid homelessness.
A Commitment to Affordable Housing
SC Housing remains committed to providing affordable housing solutions to all South Carolinians. By working collaboratively with government agencies, non-profit organizations, and the private sector, the agency continues to address the growing need for affordable housing across the state.
For more information about SC Housing's programs and services, visit their website at .
