SC Housing

What SC Housing does

SC Housing, formally the South Carolina State Housing Finance and Development Authority, is a state government housing finance agency established in 1977 under Act No. 76 of the South Carolina General Assembly. The agency operates as a self-sustaining public body corporate and politic, headquartered at 300-C Outlet Pointe Boulevard in Columbia, SC, with 140+ employees serving residents and developers across South Carolina. Its mission is to ensure South Carolinians have access to safe, decent, and affordable housing through mortgage financing, rental assistance, home repair, and development financing programs.

The agency administers a portfolio of approximately 18 distinct programs spanning four verticals: homeownership (SC Housing Homebuyer Programs, Palmetto Home Advantage, Palmetto Heroes Program, County First Initiative, Housing Choice Voucher Homeownership Program, Families With Disabilities Homebuyer Program, Made It Home! Program), homeowner assistance (SC HELP, Housing Preservation Initiative), rental assistance (Housing Choice Voucher Program), and development financing (Housing Trust Fund, LIHTC, Multifamily Tax-Exempt Bond Financing, HOME Investment Partnerships, HOME-ARP, Small Rental Development Program, National Housing Trust Fund, Community Housing Development Organizations). Technology is not publicly disclosed beyond Google Analytics; the agency does not maintain a native mobile application and operates a public-facing website (schousing.sc.gov) with social media presence on Facebook, Instagram, LinkedIn, X, and YouTube.

SC Housing generates revenue through loan origination fees, interest income on mortgages, and program administration fees rather than through state appropriations. The agency raised capital through tax-exempt Mortgage Revenue Bonds, with proposed issuance of up to $900M across Series 2025C/2026A/B/C, and administers federal pass-through funds including a $26.7M HOME-ARP allocation. Distribution is exclusively through approved mortgage lenders, real estate agents, home builders (DR Horton, McGuinn Homes, Housing Development Corporation of Rock Hill, Oak and Ave Property Group, Gainey Construction Company), and nonprofit housing organizations. Customer segments include first-time homebuyers, move-up buyers, housing voucher holders, low-to-very-low-income homeowners, renters, critical workers, and families with disabilities.

Name

SC Housing

Legal name

South Carolina State Housing Finance and Development Authority

Website

https://schousing.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

51–100 employees

Short description

SC Housing is South Carolina's state housing finance agency, established in 1977, providing affordable fixed-rate mortgages, down payment assistance, rental vouchers, and development financing to first-time homebuyers, low-income households, and critical workers across the state.

Ownership category

akta.pro rank

Product category

Government Housing Finance

NAICS

Administration of Housing Programs (925110), Administration of Housing Programs (92511), Other Community Housing Services (624229)

SIC

Mortgage Bankers & Loan Correspondents (6162), Federal & Federally-Sponsored Credit Agencies (6111), Asset-Backed Securities (6189)

akta.pro primary industry

National Housing Finance Agencies & Ministries (FSALAKAB)

akta.pro secondary industries

Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA), Mortgage Revenue Bond (MRB) & Public Housing Bond Programs (FSALAKAG), Housing Voucher & Rental Assistance Programs (Tenant-Based/Project-Based) (FSALAKAI), Government-Backed CRE Lending (FHA/HUD/USDA) (FSALADAE), Public Mortgage Insurance & Government Credit Guarantee Programs (FSALAKAD)

Keywords

• Affordable housing finance
• First-time homebuyer mortgages
• Down payment assistance
• Rental assistance programs
• Multifamily development financing

Headquarters

HQ city

Columbia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Homeownership Programs: SC Housing offers fixed-rate mortgages and down payment assistance programs for homebuyers. Revenue is generated through loan origination fees, interest income on mortgages, and program administration fees.
2. Agency Operations: SC Housing is a self-sustaining housing finance agency. Agency operations are supported by a funding base that includes fees and other revenue earned through the administration of agency programs.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels9 records

Core offering

SC Housing is South Carolina's state housing finance agency that provides fixed-rate mortgage products with down payment assistance to first-time and move-up homebuyers, rental assistance through the Housing Choice Voucher Program, home repair financing through the Housing Preservation Initiative and SC HELP programs, and multifamily affordable housing development financing through Low Income Housing Tax Credits, tax-exempt bonds, and federal funding programs (HOME, HOME-ARP, National Housing Trust Fund). The agency operates as a self-sustaining public body corporate and politic, funded through mortgage interest income and program administration fees, distributing products via approved lenders, real estate agents, builders, and nonprofit sponsors across South Carolina.

Product overview

SC Housing (South Carolina State Housing Finance and Development Authority) is a self-sustaining housing finance agency offering a comprehensive portfolio of programs to help South Carolinians access safe, decent, and affordable housing. The agency's offerings include mortgage financing products (SC Housing Homebuyer Programs, Palmetto Home Advantage, Palmetto Heroes Program) providing fixed-rate mortgages and down payment assistance for first-time and move-up buyers; homeownership assistance programs (Made It Home! Program, County First Initiative, Housing Choice Voucher Homeownership Program, Families With Disabilities Homebuyer Program); homeowner assistance (SC HELP for mortgage assistance, Housing Preservation Initiative for home repairs); rental assistance (Housing Choice Voucher Program); and development programs (SC Housing Trust Fund, Housing Tax Credit/LIHTC, Multifamily Tax-Exempt Bond Financing, HOME Investment Partnerships Program, HOME-ARP Program, Small Rental Development Program, National Housing Trust Fund). The agency also provides partner services including lender and real estate agent locators. SC Housing is a government agency whose operations are supported by fees and revenue from program administration rather than public appropriations.

Differentiator

Problem solved

Functional benefit

Brands

• Made It Home!: Creative housing solutions program providing preliminary award recipients to construct affordable homes
• Palmetto Home Advantage
• Palmetto Heroes Program
• SC HELP
• Housing Preservation Initiative (HPI)

Products and services

• SC Housing Homebuyer Programs Fixed-rate mortgages and down payment assistance programs for first-time and move-up homebuyers in South Carolina, designed for buyers who meet program-specific income and home price limits varying by county.
• Palmetto Home Advantage A homeownership program offering competitive mortgage rates and down payment assistance for South Carolina buyers, expanding affordability beyond the core SC Housing Homebuyer Programs.
• Palmetto Heroes Program A homeownership assistance program for eligible South Carolina homebuyers, including military personnel and critical workers (teachers, healthcare workers, military, public safety) seeking to live within the communities they serve.
• Made It Home! Program A creative housing solutions program providing affordable homeownership opportunities through partnerships with home builders, constructing new homes across five South Carolina locations (Columbia, Orangeburg and Darlington, Rock Hill, Spartanburg, and Sumter).
• County First Initiative A homebuyer program targeting first-time homebuyers in specific South Carolina counties, offering tailored mortgage financing for localized affordable housing needs.
• Housing Choice Voucher Homeownership Program A program allowing housing choice voucher holders to use their vouchers toward homeownership rather than rental assistance, providing a pathway to homeownership for low-income families.
• Families With Disabilities Homebuyer Program A specialized homebuyer program providing assistance and support for families with disabilities seeking homeownership in South Carolina.
• SC HELP Mortgage assistance program providing financial help to South Carolina homeowners, including payoff and subordination services for homeowners facing financial hardship or foreclosure.
• Housing Choice Voucher Program (HCVP) A rental assistance program providing vouchers to help low-income individuals and families afford housing in the private market, with corresponding owner/agent administration and program standards.
• Housing Preservation Initiative (HPI) A home repair program providing financial assistance to low and very low-income homeowners for essential interior and exterior repairs to correct life, health, and safety issues, delivered via approved sponsor organizations.
• SC Housing Trust Fund (HTF) A trust fund providing resources for affordable housing development and preservation across South Carolina, channeling state housing trust funds to qualifying projects.
• Housing Tax Credit (LIHTC) Low Income Housing Tax Credit program incentivizing the development of affordable rental housing through federal tax credits allocated to SC Housing for distribution to qualifying developers.
• Multifamily Tax-Exempt Bond Financing Bond financing programs for the development and rehabilitation of multifamily affordable housing developments, with proposed Mortgage Revenue Bond Series 2025C and 2026A up to $400M and Series 2026B and 2026C up to $500M.
• HOME-ARP Program
• Small Rental Development Program (SRDP) Program supporting the development of small rental properties to increase affordable housing supply, with historical program information from 2018 through 2021.
• National Housing Trust Fund (NHTF) Federal fund providing grants to South Carolina for the construction and preservation of affordable housing for extremely low-income households, administered through SC Housing.
• Community Housing Development Organizations (CHDO) Support for nonprofit Community Housing Development Organizations that develop affordable housing in their local communities, delivered through the HOME Investment Partnerships Program.
• HOME Investment Partnerships Program Federal program providing grants to South Carolina through SC Housing to fund affordable housing development, rehabilitation, and acquisition activities statewide.
• Find a Lender A lender locator tool helping homebuyers find approved lenders participating in SC Housing mortgage and down payment assistance programs statewide.
• Find a Real Estate Agent A real estate agent locator helping homebuyers find approved agents familiar with SC Housing programs and able to support affordable home purchases.
• Properties for Sale A listing of properties available for purchase through SC Housing's homebuyer programs, including those produced through the Made It Home! Program and partner resales.

Quantifiable outcome

• 272 home loans registered through Palmetto Heroes Program in 2026
• +3 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core, major and notable.

• McGuinn HomescoreChannel Partner/ Reseller/ DistributorBuilder participant in the Made It Home! Program, constructing affordable homes in Columbia, SC. This is one of five preliminary home builder participants selected to launch the program and construct the first suite of 130 homes.
• DR HortoncoreChannel Partner/ Reseller/ DistributorBuilder participant in the Made It Home! Program, constructing affordable homes in Orangeburg and Darlington, SC. DR Horton is a major national homebuilder participating in the program.
• Housing Development Corporation of Rock HillcoreChannel Partner/ Reseller/ DistributorNonprofit builder participant in the Made It Home! Program, constructing affordable homes in Rock Hill, SC. Coming soon location under the program.
• Oak and Ave Property GroupcoreChannel Partner/ Reseller/ DistributorBuilder participant in the Made It Home! Program, constructing affordable homes in Spartanburg, SC. One of five preliminary participants in the program.
• Gainey Construction CompanycoreChannel Partner/ Reseller/ DistributorBuilder participant in the Made It Home! Program, constructing affordable homes in Sumter, SC. One of five preliminary home builder participants selected for the program.
• South Carolina Affordable Housing CoalitioncoreStrategic or Co-development PartnerCo-presenter of the SC Affordable Housing Summit alongside SC Housing. The summit brought together more than 500 advocates, nonprofit leaders, community organizations and industry partners to address critical housing challenges.
• Darla Moore School of Business, University of South CarolinacoreStrategic or Co-development PartnerResearch economist Dr. Joseph Von Nessen from the Darla Moore School of Business provides economic impact analysis for SC Housing programs. The school conducts economic impact studies using IMPLAN modeling.
• Humanities FoundationmajorChannel Partner/ Reseller/ DistributorDeveloper of Archer School Apartments in Charleston, which was named Housing Development of the Year at the SC Affordable Housing Summit.
• Homes of Hope (Greenville)majorChannel Partner/ Reseller/ DistributorNonprofit housing organization awarded the Organizational Sector Award at the SC Affordable Housing Summit for their work in affordable housing.
• Fairfield County School District Education FoundationnotableStrategic or Co-development PartnerRecipient of the Creative Partnership Award for their Teacher Village project, an innovative approach to housing for educators.
• U.S. Department of Housing and Urban Development (HUD)coreOthersFederal agency that administers HOME Investment Partnerships and National Housing Trust Fund programs through SC Housing. SC Housing receives funding allocations from HUD for affordable housing development.
• Approved HTF Housing Preservation Initiative SponsorscoreChannel Partner/ Reseller/ DistributorNonprofit and local government organizations approved as sponsors to administer the Housing Preservation Initiative (HPI), providing home repair assistance to low to very low-income homeowners.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• North Carolina Housing Finance Agency: State housing finance agency operating an analogous stack of mortgage, down payment assistance, LIHTC, and rental programs in a neighboring Southeastern state with similar market dynamics.
• Georgia State Financing and Investment Commission (Housing Finance Division): State-level HFA offering first-time homebuyer mortgages, down payment assistance, and tax credit allocation for Georgia — directly comparable in mandate, scale, and program mix to SC Housing.
• Florida Housing Finance Corporation: Larger Southeastern state HFA administering MRBs, LIHTC, HOME, and rental assistance — same core statutory function as SC Housing, with a bigger but comparable operating model.
• Tennessee Housing Development Agency: State HFA providing mortgage financing, down payment assistance, LIHTC, and rental programs across Tennessee — directly comparable charter and program suite to SC Housing.
• Virginia Housing (Virginia Housing Development Authority): State housing finance authority offering first-time homebuyer mortgages, down payment assistance, and multifamily financing, with similar tax-exempt bond issuance and federal fund pass-through roles.
• Pennsylvania Housing Finance Agency: Established state HFA running a comparable portfolio of homebuyer mortgages, down payment assistance, LIHTC, and multifamily financing, with similar bond-issuance-based funding model.
• Ohio Housing Finance Agency: State housing finance agency with analogous first-time homebuyer, down payment assistance, LIHTC, and MRB programs targeting similar first-time and workforce buyer segments.

Broad incumbents

• Texas Department of Housing and Community Affairs: Much larger state housing finance and community development agency; comparable mandate but broader scope (community affairs, weatherization, multifamily) that exceeds SC Housing's narrower finance focus.
• Fannie Mae: Federal GSE that purchases and securitizes mortgage loans originated through HFA and lender partners; sets the secondary-market pricing baseline against which SC Housing's MRB-funded loans compete.
• Freddie Mac: Federal GSE providing secondary mortgage market liquidity and HFA-focused credit facilities; comparable to SC Housing as a participant in the same low- and moderate-income mortgage ecosystem.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/scstatehousing
• YouTubeyoutube.com/@SCStateHousing
• Facebookfacebook.com/SCStateHousing
• LinkedInlinkedin.com/company/schousing
• Instagraminstagram.com/scstatehousing

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SC Housing