APPLY FOR A LOAN
The Midlands Housing Trust Fund offers collateralized loans to non-profit, for-profit and government entities; individuals, and LLCs to create and preserve quality, affordable housing targeted to families at 80% and below of area median income in the Midlands region of South Carolina. Eligible activities include predevelopment, acquisition, construction, project and tenant-based rental assistance, rehabilitation and permanent financing.
Projects should demonstrate full compliance with applicable local planning restrictions and zoning ordinances.
Projects should complement and enhance the aesthetic quality of neighborhoods, use quality materials, promote efficient land use, and incorporate features that will minimize impact on the environment.
MHTF Lending Priorities for FY 2012-2015
Creation of new affordable housing; Ownership
|Creation of new affordable housing; Rental||X|
|Preservation of existing affordable housing||X|
|Assistance with multi-family housing rehabilitation||X||X|
|Conversion of market rate units to affordable units||X|
|Creation of emergency residential housing shelters||NO||NO||NO|
|Preservation emergency residential housing shelters for the homeless||NO||NO||NO|
|Operating funds for emergency housing shelters||NO||NO||NO|
|Creation of transitional housing units||X|
|Preservation transitional & residential housing shelters for the homeless||X|
|Operation, permanent residential housing shelters for the homeless||X|
|Creation of permanent residential housing for the homeless||X|
|Preservation of permanent housing for the homeless||X|
|Operation of permanent housing for the homeless||X|
|Creation of elderly housing and other special needs housing||X|
|Preservation of elderly housing and other special needs housing||X|
|Provision of tenant-based and/ assistance||X|
|Project-based rental assistance||X|
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