HOME Investment Partnerships Program
Forecasted
HOME Investment Partnerships Program supports South Carolina housing partners in building and rehabilitating smaller affordable rental developments to expand and preserve affordable housing.
Funder: South Carolina State Housing Finance & Development Authority
Due Dates (Anticipated): April 2027 (Application deadline)
Funding Amounts: Approximately $25.48 million in HOME funding anticipated for the 2026 Small Rental Development Program cycle; HOME assistance is structured as 20- or 30-year loans
Summary: HOME supports affordable housing partnerships in South Carolina, including the development and rehabilitation of rental housing.
Key Information: SC Housing distributes HOME rental-development funding through its competitive Small Rental Development Program.
Description
The HOME Investment Partnerships Program promotes affordable housing partnerships among the U.S. Department of Housing and Urban Development, state and local governments, and nonprofit and for-profit organizations. In South Carolina, it is administered by the South Carolina State Housing Finance & Development Authority (SC Housing). Partners may build, own, manage, finance, or otherwise support affordable housing, using the program’s flexibility to address housing needs through different approaches.
SC Housing makes HOME funding available for new construction and rehabilitation of affordable rental housing through its Small Rental Development Program (SRDP). That program supports new construction and rehabilitation of smaller rental developments with 4–39 affordable units and combines HOME with other federal and state funding sources. HOME was created under Title II of the Cranston-Gonzalez National Affordable Housing Act of 1990.
