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SC mortgage tax credit (MCC)
South Carolina State Housing Finance and Development Authority
South Carolina State Housing Finance and Development Authority
Issue Date
2021-07-09
Type
Keywords
Mortgage loans--South Carolina, Tax credits--South Carolina
Abstract
The SC Mortgage Tax Credit is a Mortgage Credit Certificate
(“MCC”) program administered by the South Carolina State
Housing Finance and Development Authority (SC Housing)
that provides a federal income tax credit to qualified
homebuyers of up to $2,000 per calendar year. It allows the
homebuyer to reduce the amount of federal income taxes
owed by allowing a federal income tax credit for interest
paid on the mortgage loan.
Rights
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