State Housing Finance and Development Authority Documents
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The State Housing Finance and Development Authority publishes documents on agency programs directed at low- and low-to-moderate income South Carolinians.
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Item 2024 Small Rental Development Program(South Carolina State Library, 2024-02-28) South Carolina State Housing Finance and Development AuthorityThe Small Rental Development Program will offer multiple funding sources, both federal and state, for new construction and rehabilitation projects. The intent of the program is to integrate small numbers of affordable housing units into neighborhoods and communities. This handbook guides you through the loan process.Item Environmental review manual(South Carolina State Library, 2024-02-29) South Carolina State Housing Finance and Development AuthorityThe HOME Rule requires that the environmental effects of each activity carried out with HOME funds comply with the provisions of the U.S. Dept. of Housing and Urban Development’s (HUD) regulations implementing the National Environmental Policy Act of 1969 (NEPA) and the related authorities listed in HUD’s implementing regulations at 24 CFR Parts 58. An environmental review must be conducted considering federal laws, authorities, and regulations which address noise, air quality, historic properties, floodplains, wetlands, water quality, solid waste disposal, man-made hazards, farmlands protection, wild and scenic rivers, coastal areas, endangered species and others. This manual will guide you through the environmental review process. As soon as a site is identified, the environmental review process should begin.Item Low-income housing tax credit (LIHTC) compliance manual(South Carolina State Library, 2024-01-16) South Carolina State Housing Finance and Development AuthorityThis manual is designed to be a reference guide for the administration of LIHTC developments in compliance with the applicable laws, rules, regulations and policies that govern tax credit developments. The staff of SC Housing also uses the manual as a program guide for administering its compliance monitoring procedures.Item 2024 qualified allocation plan(South Carolina State Library, 2024-01-18) South Carolina State Housing Finance and Development AuthorityThe federal Low-Income Housing Tax Credit (the “LIHTC”), including the 4% LIHTC associated with tax-exempt bond financing, is governed by Section 42 of the Internal Revenue Code (the “Code”) and regulations found in Title 26 of the Code of Federal Regulations. South Carolina Code of Laws Section 12-6-3795 governs the state housing tax credit. Thee Authority, as the designated LIHTC agency for the state, is responsible for the adoption of a Qualified Allocation Plan. The Authority may post bulletins or public notices on its web page; applicants are responsible to check for updates.Item SC Homeowner Rescue Program(South Carolina State Library, 2022-10-11) South Carolina State Housing Finance and Development AuthorityThe SC Homeowner Rescue Program (SC HRP) is a federally funded program established to provide financial assistance to eligible homeowners experiencing a hardship associated with the COVID-19 pandemic beginning after January 21, 2020.