The Housing Tax Credit Program (LIHTC) is designed to provide for-profit and nonprofit developers with an incentive to create and maintain affordable housing. This is the country’s most extensive affordable housing program. Developments that may qualify for credits include new construction, acquisition with rehabilitation, rehabilitation and adaptive reuse. Owners of and investors in qualifying developments can use the credit as a dollar-for-dollar reduction of federal income tax liability. Allocations of credits are used to leverage public, private and other funds in order to keep rents to tenants affordable.
SC Housing has issued a Notice of Major Disaster Relief & Emergency Housing Relief Authorization for Displaced Individuals. This Notice impacts LIHTC and Tax-Exempt Bond properties only.
SC Housing requires all applications and application documentation be submitted through the Secure File Exchange located at https://www.schousing.com/Home/PartnerLogin by the date and time posted on the website. Applications and application documentation submitted through any other method will not be accepted. SC Housing will not be responsible for late delivery of applications and application documentation due to high volume of activity on the website at deadlines. Please note applications and application documentation can be large in size, can take a longer delivery time and the entire application must be received prior to the application deadline. SC Housing will not be liable for delays or other technical issues that may be encountered during application submission. The Deadline for 2025 9% Preliminary Applications is Friday, February 14, 2025 by 5:00 pm (ET).