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MONTHLY SPOTLIGHT
South Carolina Approved for $138 million in Federal “Hardest Hit” Housing Funds
Officials at the US Department of Treasury (Treasury) yesterday approved the proposal of the South Carolina State Housing Finance and Development Authority (SC State Housing) for administration and distribution of $138 million to help the state’s “hardest hit” homeowners. South Carolina joins the ranks of nine other economically distressed states trying to help homeowners facing the possibility of foreclosure due to circumstances beyond their control.
Though this approval is a major step toward making these funds available to struggling homeowners, SC State Housing must complete the development and implementation of policies and procedures for distributing the assistance. SC State Housing anticipates beginning to accept applications both online and by telephone by early October. Next steps include putting infrastructure in place to handle application intake, evaluation and closing.
SC State Housing staff have been working closely with Treasury since learning that the Palmetto State was one of the designees for the second round of the Housing Finance Agency Innovation Fund’s Hardest Hit Housing Markets (or “HFA Hardest Hit Fund”).
In South Carolina this program will be known as the SC Homeownership and Employment Lending Program (SC HELP).
WHAT'S NEW
- Palmetto Heroes Program 2
- HOME Program Second Cycle - Rental Only
- 2010 HOME Incomes & Rents
- Award for Background Checks
- SC State Housing Receives Nearly $2 Million to Support Foreclosure Prevention Counseling Efforts
- Second Round Guidelines for HFA Proposal Submission
- Administration Announces Second Round of Assistance for Hardest Hit Housing Markets
- Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets Update
- Homeownership Opportunities with the SCSHFDA (Webinar)
- Enterprise Green Communities NSP Webpage
- 2009 Investment Report
- 2010 SAHMA Photos
- 2010 Palmetto Affordable Housing Forum Photos
- PHA 5 Year (2011-2015) & Annual Plan for FY 2011
- 2009 Audited Financial Statements
- Obama Administration Plan to Assist Housing Finance Agencies
- Certified Realtor Program
- 2008-2009 Housing Trust Fund Annual Report
- 2009 Accountability Report
- Debarment Policy
- 2008 Investment Report
Equal Housing Opportunity