The South Carolina State Housing Finance and Development Authority (SC Housing) is offering an innovative approach to solving one of the state’s most important problems: a shortage of single-family housing.
The Made It Home! Program will encourage homebuilders to create affordable single-family homes through a $12,500 cost offset subsidy for each completed and sold home.
The program will feature two tiers of homes, providing homebuilders with flexibility to build either two-bedroom, two-bath homes with at least a 1,000 square foot floor plan, priced at or below $175,000; or three-bedroom, two-bath homes with at least a 1,200 square foot floor plan, priced at or below $200,000…