Multifamily Tax Exempt Bond Financing

State and local governments sell tax-exempt Housing Bonds, commonly known as Multifamily Housing Bonds, and use the money to finance construction of apartments that are affordable to lower income families. SC Housing's Multifamily Tax Exempt Bond Financing Program provides permanent real estate financing for property being developed for multifamily rental use. Development teams should have sufficient experience in multifamily rental housing designed for use by low to moderate income tenants to assure the successful completion and operation of the development.

Bulletin - 4/23/2018
Application DeadlineBoard Meeting Date
No meeting scheduled for December
December 1, 2017 January 17, 2018
No meeting scheduled for February
February 2, 2018 March 21, 2018
No meeting scheduled for April
March 30, 2018 May 16, 2018
May 4, 2018 June 20, 2018
No meeting scheduled for July
June 29, 2018 August 15, 2018
August 3, 2018 September 19, 2018
September 7, 2018 October 24, 2018
October 5, 2018 November 14, 2018
No meeting scheduled for December

Applications must be received by 5 p.m. on the deadline date to be eligible for consideration at the specified month’s meeting. Any submissions received after that time will not be eligible for consideration until the following month’s meeting. If the submitted application is considered incomplete or is determined to have underwriting issues, all missing documents and underwriting issues must be resolved not later than two (2) weeks before the scheduled Board meeting or the application will not be presented to the Board.

Eligible applications will be reviewed at the scheduled board meeting. Please refer to the board meeting schedule for more information.

SC Housing reserves the right to require additional time to review and evaluate applications received for pooled deals or multiple applications from a single developer.

Questions regarding the Multifamily Tax Exempt Bond Financing Program can be directed to Laura Nicholson at 803.896.9190 or Jeff Maddox at 803.896.9197.