July 13, 2010
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South Carolina State Housing Finance and Development Authority

[Columbia, SC] The South Carolina Housing Trust Fund, administered by the South Carolina State Housing Finance and Development Authority (SC State Housing), provides financial assistance to eligible nonprofit organizations for the development of affordable housing for low to very low-income families or individuals. The SC State Housing Board of Commissioners recently approved more than $1 million in Housing Trust Fund awards.

These 21 awards, consisting of properties throughout the state, are for Owner-Occupied Rehabilitation and Homeownership Acquisition:
·         Allendale County ALIVE, Inc. - $44,500, for the rehabilitation of two houses for eligible families in Allendale County.
·         Brookland West-Columbia Community & Housing Development Corp. - $66,750, for the rehabilitation of three houses for eligible families in Lexington and Richland Counties.
·         Camden First Community Development Corporation - $44,500, to rehabilitate two houses for eligible families in Kershaw and Fairfield Counties.
·         Carolina Communities Foundation, Inc. - $44,500, to rehabilitate two houses for eligible families in Barnwell County.
·         Christians In Unity - $44,500, to rehabilitate two houses for eligible families in Aiken and Edgefield Counties.
·         Clarendon County CDC - $66,750 for the rehabilitation of three houses in Clarendon County.
·         Helping Hands Int. Outreach Ministry - $66,750, to rehabilitate three houses in Dorchester, Colleton, and Berkeley Counties.
·         Homes of Hope, Inc. - $28,000: Under a continuing program, the Sponsor proposes the re-manufacturing of donated mobile home units to be used to provide owner-occupied housing for four very-low income families in Greenville County. The work will be conducted in a facility used by Homes of Hope to assist individuals recovering from addictions in learning job skills. As in the past, the HTF investment is $7,000 per unit. 
·         Lowcountry Community Services, Inc. - $44,500, to rehabilitate two houses in Berkeley County.
·         Lynchburg CDC - $44,500, to rehabilitate two houses for eligible families in Lee County.
·         Metanoia CDC - $66,750, to rehabilitate three houses in Charleston County.
·         New Covenant Community Center, Inc. - $66,750, to rehabilitate three houses in the following Aiken, Edgefield and Barnwell Counties.
·         S.E.E.D. Faith Ministries International, Inc. - $66,750, to rehabilitate three houses for eligible families in Richland and Lexington Counties.
·         SC Uplift Community Outreach - $66,750, for the rehabilitation of three homes in Richland, Fairfield, and Aiken Counties.
·         Sumter County Community Development Corporation - $44,500, for the rehabilitation of two homes in Sumter and Lee Counties.
·         United Methodist Relief Center - $44,500, to rehabilitate two houses in Charleston County.
·         United Way of Kershaw County - $66,750, to rehabilitate three houses in Kershaw County.
·         VEER CDC - $66,750, to rehabilitate three houses in Richland, Fairfield, and Kershaw Counties.
·         Wateree Community Actions, Inc. - $44.500, to rehabilitate two houses in Sumter County.
·         OIKOS Community Development, Inc. - $11,500: In conjunction with the Authority's Section 8 Homeownership Voucher Program, the Sponsor proposes to assist a Lexington County family to purchase a home using Section 8 Housing Choice Voucher Homeownership Program.
About the SC Housing Trust Fund
The Fund, created by the General Assembly in 1992, with the State Treasurer designated as its Trustee, was landmark legislation for South Carolina since it marked the state's first commitment of tax dollars for affordable housing. This action placed South Carolina among the leaders in the nation for its dedication to the housing needs of its less fortunate citizens, according to the Fall, 1991 issue of The Housing Trust Fund Project, a nationally-published periodical from the Center for Community Change, actually raising South Carolina’s ranking from 50th to 9th in the county. The Trust Fund has been active ever since.
 
Capital for the Fund is generated by a portion of the deed transfer fee. The Fund encourages other leveraged funding and can only be used to serve households that are at or below 80 percent of the county median income.
 
For more information on the Housing Trust Fund or other SC State Housing programs and initiatives, visit the agency’s website www.schousing.com. SC State Housing is the state’s leading provider of capital for affordable housing and is a self-supporting agency of state government.
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