South Carolina State Housing Finance and Development Authority

The Board of Commissioners discussed and approved the Mortgage Revenue Bond 2026A Supplemental Resolution for a bond issuance up to $205,000,000. They approved Housing Trust Fund awards for four projects: Cherokee Station in Greenville, Sycamore Grove in Columbia, Dillon Station in Dillon, and Weldon Pointe in Manning. Additionally, the Board approved a $10,000,000 increase to the 2026 SRDP Program Year set-aside. Finally, the Board received reports on homeownership trends, interest rates, and recent administrative updates, including the completion of the FY25 Single Audit.

The agenda includes matters related to the SC Housing Corp, the Program Committee's consideration of Supportive Housing Projects for the SC Housing Trust Fund, including Magnolia CTH II, Jonagold CTH II, and Evergreen Magnolia CTH II. Additionally, the Board will consider a resolution regarding Homeownership Month, receive departmental reports from Homeownership, Organizational Services, the Chairman, and the Executive Director, and conduct an executive session.

The document serves as an Annual PHA Plan outlining the agency's operations, programs, and services to support low-income families. It details significant revisions to the Housing Choice Voucher Program (HCVP) department, reorganizing responsibilities for specialists, financial analysts, and inspectors to enhance efficiency, compliance, and service delivery. The plan also includes undertaking new Project-Based Voucher activities and addresses corrective actions for audit findings related to timely Housing Quality Standards (HQS) inspections, aiming to ensure effective administration of the program and meet the housing needs of eligible families.

This document details the 2026 Qualified Allocation Plan (QAP) Updates for the 9% Low-Income Housing Tax Credit (LIHTC) program. It outlines application and award limitations, defines project groupings and set-asides for various development types (e.g., urban new construction, rehabilitation, rural new construction, public housing authority), and establishes criteria for nonprofit participation. The plan includes detailed scoring methodologies for new construction projects, assessing factors such as proximity to amenities, area employment, affordability, sustainable building practices, and leveraging. It also specifies evaluation criteria for rehabilitation applications and procedures for tie-breaking, ensuring a structured approach to allocating affordable housing resources.

This 2026-2030 Consolidated Plan for the State of South Carolina outlines the use of federal formula funding (CDBG, HOME, ESG, HOPWA, HTF) to address statewide housing and community development needs. It identifies seven key priority needs: preserving and developing affordable housing, improving public facilities and infrastructure, fostering economic development and sustainability, supporting community and regional planning, providing homeless housing and services, offering housing and supportive services for HIV/AIDS, and ensuring effective program management. The plan aims to expand access to safe, decent, and affordable housing, support suitable living environments, and promote economic opportunities for low- to moderate-income households and individuals with special needs.