Formula Grant M24SG450100

Award Date 8/30/24
Completion Date 9/30/33
Dollars Obligated $6.4M
Federal Grant Program
14.239
Assistance Type
Formula Grant
Place of Performance
Columbia, SC 29210, USA
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The U.S. Department of Housing and Urban Development (HUD) awarded a $6,384,238 Home Investment Partnerships Program (HOME) formula grant to the South Carolina State Housing Finance & Development Authority on August 30, 2024. The HOME program provides grants to state and local governments to fund a variety of affordable housing activities, including rehabilitation of owner-occupied housing, homebuyer assistance, rental housing acquisition/construction, and tenant-based rental assistance.

Through this award, the South Carolina State Housing Finance & Development Authority will utilize the HOME funding to expand affordable housing opportunities for low-income households, with at least 90% of rental units and rental assistance targeting residents at or below 60% of the area median income. The grant's performance period extends through September 30, 2033, demonstrating a long-term commitment to sustainable affordable housing solutions in South Carolina.

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