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.
Due to the recently passed legislative changes to the State Tax Credit program, SC Housing is temporarily suspending acceptance of 4% tax credit applications at this time. SC Housing will announce when these applications will once again be accepted, along with the requirements for submitting an application.
Questions regarding the Multifamily Tax-Exempt Bond Financing Program can be submitted via email to TaxExemptBondProgram@schousing.com.