The Charleston County is requesting applications for its Charleston Home Grant Program from nonprofit or for-profit organizations with experience in affordable housing development to rehabilitate residential properties owned by Charleston County into livable, affordable housing units.
Donor Name: Charleston County Government
State: South Carolina
County: Charleston County (SC)
Type of Grant: Grant
Deadline: 04/12/2023
Details:
The Charleston Home Program is an opportunity for interested parties to submit site-specific applications to rehabilitate the existing dwellings into livable, affordable housing units. Interested parties may be nonprofit organizations or private entities with experience in the production of affordable housing. Selected recipients will be expected to cover all upfront costs of the project. Upon project completion, the property will be deeded over to the partner organization who will manage the sale, rental, or other use of the property as some form of affordable housing. Revenue from this endeavor will provide a means of reimbursement for all project costs. Any revenue gained outside of the total project cost must then be dedicated by the partner organization to another activity that furthers affordable housing efforts in Charleston County.
In order to maximize the range of potentially interested parties, the Charleston Home Program will allow applicants to make the following determinations:
- Intended use: Homeownership, rental, other;
- Target income range for future residents; and
- Property utilization (ex: subdivision, conversion to multi-family, accessory dwelling unit, etc.).
Eligibility Criteria
Any governmental, community, neighborhood, faith-based, or nonprofit organization engaged in a public service may apply. Private for-profit agencies engaged in affordable housing development are also eligible. Nothing herein is intended to, nor should it be construed to, limit competition; instead, it is for the purpose of meeting the direct benefit or area benefit of persons or communities eligible to be selected as a partner using a system of fair, impartial and free competition among all Applicants.
Applicant Requirements
Applicants must:
- Have experience in the production of affordable house AND be a 501(c)(3) organization and provide IRS certification OR private entity and provide business license;
- Provide approval from Board of Directors or other governing body to participate in the Charleston Home Program;
- Demonstrate capacity to complete construction-related activities;
- Provide reasonable assurance of project start-up within thirty (45) days of contract execution;
- Provide a detailed description of vision for repairs and updates for selected project site, minimally including all repairs listed in the initial scope of work;
- Demonstrate financial capacity to cover project costs upfront; and
- Provide a detailed contingency plan that dedicates funds exceeding total projects recovered through home sale/rental to specified efforts that further affordable housing initiatives in Charleston County.
For more information, visit Charleston County Government.