Closing the Affordable Housing Deficit
Recognizing the immediate need to address growing gaps in the affordable housing stock, GHF mobilized the first $2 million in May 2018 by offering a below-market bridge/gap loan program. On September 17, 2018, GHF announced more than $800,000 in initial funding to these three projects to support the development of 113 units of affordable housing.
Additionally recognizing the need to not only produce new housing GHF will also launch a new Homeowner Preservation Program (HOPP) in November designed to work with local nonprofit partners to rehabilitate and preserve existing homes in neighborhoods experiencing strong gentrification pressures. GHF will offer $25,000 to nonprofit or government sponsor organizations that provide rehabilitation services.
In addition to these funding programs, GHF is working with the City and County to identify key parcels of land to acquire for future affordable housing development.

Programs Funded By GHF in 2018



Available Funding Options
GHF funding helps to develop, rehabilitate and preserve affordable housing opportunities. GHF currently offers two funding opportunities for developers:

Acquisition, Gap and Bridge Financing:
GHF finances the production and preservation of new affordable and workforce housing units, both for-sale and rental, through new construction, substantial rehabilitation of vacant units, or conversion of non-residential buildings to residential use.
Who Can Apply
GHF will provide project-specific loans to nonprofit and for-profit developers and government entities up to $500,000 to construct new units or rehabilitate vacant housing units for sale or rent to low and moderate income households.
Funds Can Be Used For:
- Land acquisition/improvements
- Construction loans
- Pre-development expenses
- Bridge loans
- Lines of credit
- Permanent financing
Additional Resources:

Homeowner Preservation Program
GHF’s Homeowner Preservation Program (HOPP) is designed to assist low- and moderate-income homeowners in making repairs to their owner‐occupied homes. The goal is to preserve affordable homeownership for existing residents and ensure their health and safety. The purpose of the activity is to correct life, health and safety issues, provide accessibility for disabled persons, repair or replace major housing systems, and address structural problems.
Who Can Apply
GHF will provide grants up to $25,000 to nonprofit and government entities that provide rehabilitation services to existing homeowners in target neighborhoods whose household incomes are primarily at or below 80% of Area Median Income and below.
Sponsors are encouraged to use other funding sources in conjunction with GHF and must provide a commitment letter of other funding at the time of application, if additional funds are required and applicable.
Funds Can Be Used For:
Eligible GHF HOPP Repairs
The following are repairs that can be made through the GHF HOPP program:
- Roofs
- HVAC
- Exterior Doors and Windows
- Handicap Accessibility
- Plumbing
- Electrical
- Structural
- Floors
- Porches
- Exterior Surfaces
- Interior Surfaces

Land Banking Program
The purpose of the Greenville Housing Fund’s Land Bank Program (GHFLB) is to create vibrant communities through the creation of affordable housing opportunities, stabilization of property values, and the elimination of blighted properties. The Land Bank will acquire real property through donations, tax sales, and real estate transactions to support the production and preservation of affordable housing and neighborhood stabilization.
Target Areas:
The GHF Land Bank Program serves several target neighborhoods in both the City of Greenville and Greater Greenville County. Those priority target areas include, but are not limited to Judson/Dunean, Nicholtown, Pleasant Valley, Poinsett/Rutherford, West Greenville (West Side, West End, Southernside), and White Horse Road (see maps).
These neighborhoods have a surplus of blighted and vacant properties poised for redevelopment and are strategic areas for the preservation and production of affordable housing. Priority neighborhoods do not preclude GHF from acquiring properties outside these areas. GHF seeks to acquire and dispose of said properties as part of a larger redevelopment and affordable housing strategy.