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City of Greenville will use a $30 million bond for affordable housing projects

The money will support the Greenville Housing Fund’s efforts to build affordable housing near Unity Park and in other neighborhoods.


Southernside Senior Living will feature 93 units. | Rendering by McMillan Pazdan Smith

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Greenville City Council passed a resolution on Monday, March 27, to issue a $30 million bond to help jumpstart affordable housing projects.

How will it work?

Greenville Housing Fund (GHF) will use the bond to build ~1,250 units of affordable multi-family housing over the next five years. It will prioritize eight city-donated land parcels around Unity Park (including the previously-announced Southernside senior housing project).

The City will use $10 million from existing funds and private matching capital to build 200 homes in Greenville’s special emphasis neighborhoods.

Future funding

The City has allocated $2.5 million to GHF each year since passing the Affordable Housing Action Plan in 2018. The resolution also included plans to continue giving $2.5 million annually for four years.

“(GHF has) the plan, and now they have the financial firepower that’s at a level that’s really unprecedented in South Carolina to address affordable housing,” Mayor Knox White told the Greenville Journal.