South Carolina State Housing Finance and Development Authority

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.

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.