We are sharing an important test program just launched by S.C. Housing.
The following is from SC Daily Digest
SC Housing “wants to help build 30 new homes around South Carolina that sell for far less than most. In an effort to increase the number of affordable homes on the market, the state Housing Finance and Development Authority is seeking builders to participate in a pilot program to construct homes that can be sold for $175,000 or less.
While that might sound like a lot of money for some, finding a home for less than $200,000 in the Palmetto State is difficult to do, said Richard Hutto, the agency’s executive director. The median listing price of a home in South Carolina is $350,000, according to data from the U.S. Federal Reserve Bank. But the cost can be much higher depending on the region. The most expensive county to buy a home is Beaufort, where the median price in January for homes sold was $432,000, according to the latest report from the state Association of Realtors. The state needs three builders willing to build 10 homes each. The homes must be at least 1,000 square feet. There are no restrictions or specific goals on their location.
To help with the cost, the state is offering builders $10,000 for each home built.”
We look forward to how this can create positivity in our state.
