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.

Application DeadlineBoard Meeting Date
December 1, 2018 January 16, 2019
No meeting scheduled for February
February 1, 2019 March 20, 2019
No meeting scheduled for April
March 29, 2019 May 15, 2019
May 3, 2019 June 19, 2019
No meeting scheduled for July
June 28, 2019 August 21, 2019
August 2, 2019 September 18, 2019
September 6, 2019 October 16, 2019
October 4, 2019 November 20, 2019
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 Chris McMillan in the Housing Development Division.