South Carolina State Housing Finance and Development Authority

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.

The regular meeting included several key items. The agenda was adopted, and the minutes from the October 15, 2025, and October 29, 2025, meetings were approved. The Board reviewed the Audited Financial Statements for FY2025 and received a pricing review of the Mortgage Revenue Bonds (MRB) 2025C transaction. A significant portion of the meeting was dedicated to considering Preliminary Bond Resolutions for multiple housing projects, including Fairview Gardens, 82 Canal Street Lofts, Berea Heights Villas, Church Hill Apartments, West Yard Lofts, Appian Way, Cherokee Landing Phase II, Palomino Estates Apartment Homes, Towne Park Apartment Homes, and Village at Crabtree. Discussions under the Program Committee involved approving funding awards for several supportive and permanent housing projects: Myrtle Grove Phase II (HOME-ARP HTF Award), Fancy Trail CTH II, Piedmont CTH II, Grand Village Phase II, and Hidden Wounds, Alpha Village. Additionally, the Board approved reappointments to the SC HTF Advisory Committee, approved the Housing Trust Fund FY2025 Annual Report, and approved the FY2026 Qualified Allocation Plan. Reports were presented on Homeownership (Made It Home! Program) and Human Resources. Following the Chairman's and Executive Director's reports, the Board entered and exited an Executive Session, resulting in a motion to appoint Robert Macdonald as the Executive Director and Secretary of the Board, effective January 5, 2026, following Director Hutto's retirement.

This document details the development impact of the South Carolina State Housing Finance & Development Authority's initiatives for 2024-2025. It outlines the strategic use of the South Carolina Housing Trust Fund to expand access to safe, decent, and affordable housing. Key programs and initiatives include implementing Act 88 of 2023 to support multifamily developments, the Small Rental Development Program, the Home Repair Program, and the Supportive Housing Program for special needs populations. The plan aims to uplift individuals, strengthen communities, and promote long-term stability for South Carolinians, particularly low- and moderate-income households, older people, and those with disabilities.

The meeting agenda included the adoption of the proposed agenda, confirmation of the Freedom of Information Act Statement, and reports from Homeownership, the Chairman, and the Executive Director. Key items for consideration involved a Supplemental Resolution for the Kelly McMullen Mortgage Revenue Bond (MRB) 2026A. Under Community Development, discussions included the consideration of 2025 Small Rental Development HTF Awards for Cherokee Station, Sycamore Grove, Dillon Station, and Weldon Pointe, as well as consideration of the Set-Aside for the SRDP Program Year 2026.