South Carolina State Housing Finance and Development Authority

This plan outlines the strategic direction for the South Carolina State Housing Finance and Development Authority, serving as a roadmap to advance affordable housing opportunities across South Carolina. It focuses on several key areas including strengthening homeownership programs, enhancing mortgage servicing, promoting diverse housing development, ensuring compliance and rental assistance, optimizing organizational services, ensuring financial stability, modernizing information technology, and maintaining internal audit and quality control. The overarching goal is to ensure all South Carolinians have access to safe, decent, and affordable housing.

The board meeting includes consideration of a supplemental resolution for the Mortgage Revenue Bond 2026B. The agenda covers the approval of fiscal year 2027 set-aside reservations and supportive housing projects, specifically Reynord CTH II, Williams Circle CTH II, and Elgin CTH II. Additionally, the meeting involves the consideration of the fiscal year 2027 to 2029 Strategic Plan.

The Board of Commissioners reviewed and accepted the single final audit for FY2025 and a report on Mortgage Revenue Bonds 2026A. They approved several bond resolutions, including term extensions for various housing developments and new money issuances for projects such as Appian Way, Cherokee Landing Phase II, Palomino Estates, Towne Park, Village at Crabtree, 82 Canal Street Lofts, Berea Heights Villas, Church Hill Apartments, West Yard Lofts, and Fairview Gardens. The Board also approved the preliminary resolution for Mortgage Revenue Bonds 2026B and 2026C, the Public Housing Agency Annual and Administrative Plans, and funding for three supportive housing projects: Shockley Ridge, North Western CTH II, and Cedar Trace CTH II. Additionally, the Board passed a resolution recognizing Fair Housing Month and received updates on the Homeownership program, organizational services, and the 2026 SC Affordable Housing Summit.

The board workshop agenda includes a call to order, a statement regarding the Freedom of Information Act, and a discussion session focused on community development and the Small Rental Development Program.

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.