We want to thank the Greenville City Council for all of its hard work in supporting affordable housing for the past few years.
Last night, they outdid themselves. This is from the Greenville Journal:
The Greenville Housing Fund aims to accelerate the creation of affordable and workforce housing in the city of Greenville. The organization plans to enter into a $13.4 million loan agreement with Truist Bank and leverage the city’s annual contribution to repay the loans starting in 2026.
With the added borrowing power, the affordable projects that can be accelerated include:
- Southernside Senior Apartments: A project to create 147 affordable units for seniors near Unity Park
- Parkside Lofts at Unity Park: A project to create 242 affordable housing units
- Riley at Overbrook: A project to create 88 affordable housing units
- Gateway at the Green: A project to create 72 affordable housing units
Council approved a resolution authorizing City Manager Shannon Lavrin to execute a contribution agreement in support of the GHF. Through this agreement, the city’s affordable housing contributions can extend for fiscal years 2026 to 2033.
The city has given approximately $17 million in financial support to the organization since 2017. The city’s fiscal year 2024-27 capital improvement plan also includes $2.5 million in planned funding to support affordable housing.
