FY 2019 SC housing statewide economic impact report

Abstract

SC Housing makes great strides in supporting the development of affordable housing. These reports are annually conducted to provide an economic analysis of the benefits realized by the state as a result of program investments. In FY 2019, these independent researchers determined that for every $100 invested in our programs, we returned $179 to the state’s economy. This represents $1.12 billion in economic impact of the agency’s investments, supporting 7,260 jobs (full-time equivalent) and $74.8 million in state and local tax revenues generated. This year’s report includes an additional Decade in Review section, which shows our program trends over the last ten years. It allows us the unique opportunity to evaluate our impact and program trends against the backdrop of an ever-changing housing industry that is heavily impacted by shifting market conditions.