HOME Investment Partnerships Program
Forecasted
HOME Investment Partnerships Program supports government and nonprofit and for-profit housing organizations in building and rehabilitating rental homes to expand and preserve affordable housing in South Carolina.
Funder: South Carolina State Housing Finance & Development Authority
Due Dates (Anticipated): March 2027 (Annual application deadline)
Funding Amounts: HUD per-unit subsidy limits determine funding; 20- or 30-year loans, with repayable loans at 0%–3% interest
Summary: HOME finances affordable housing in South Carolina through partnerships among government, nonprofit, and for-profit housing organizations.
Key Information: Physical and choice-limiting actions are prohibited before environmental clearance, including acquisition, demolition, and construction.
Description
The HOME Investment Partnerships Program is administered in South Carolina by SC Housing. It promotes partnerships among HUD, state and local governments, and nonprofit and for-profit organizations that build, own, manage, finance, and support affordable housing. Rather than prescribing one approach, HOME provides flexibility for a range of affordable housing initiatives through creative housing partnerships.
SC Housing’s rental-development framework covers new construction and rehabilitation, including single-family and multifamily rental housing. Selection considers access to amenities and employment, preservation of affordable units, physical needs, community revitalization, sustainability, outside financial support, and supportive housing. HOME was created under Title II of the Cranston-Gonzalez National Affordable Housing Act of 1990 and significantly revised in 2013.
