South Carolina State Housing Finance and Development Authority Minutes November 19 2025
HTF Award Approved for Myrtle Grove Phase II by Homeless No More
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Description
South Carolina State Housing Finance and Development Authority Board approved a $454,867.20 HTF award to Homeless No More for the Myrtle Grove Phase II project, consisting of 12 units of permanent supportive rental housing in Columbia, SC. Terms include both repayable and deferred forgivable loans over 20 years.
Contract Details
Contract Amount
$454,867.20
Vendor
HOMELESS NO MORE
Agency
SC state HOUSING AUTHORITY, SC
Contract Type
OTHER
Document Date
November 19, 2025
Contract Term
20 years (loan terms: 20-year repayable loan and 20-year deferred forgivable loan)
Renewal Date
2045-11-19
Renewal Info
Award consists of $219,729 repayable (3%, 20yr), $235,138.20 deferred forgivable (20yr); no explicit renewal clause.
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