Charleston affordable housingSC Community Loan Fund is bridging the gap between housing needs and available resources in the Lowcountry … and in the Upstate. We recently provided a $200,000 Program Related Investment to the Greenville Housing Fund (GHF) that will allow the organization to increase its lending capacity to $1.1 million. S.C. Bank and Trust and BB&T also contributed to the fund, bringing the total Program Related Investment to $500,000.

Like SC Community Loan Fund, the Greenville Housing Fund is a certified Community Development Financial Institution. They also provide loans and financial services to underserved markets, but as its name states, GHF focuses on the Greenville area, serving Anderson, Greenville and Spartanburg counties.

The Program Related Investment to GHF will be paid back at below-market interest rates and recycled back into other community development activities. With a lending capacity of $1.1 million, GHF will now be able to provide loans and financial services to low-wealth households, minorities, small entrepreneurs and affordable housing developers.

CLF is excited to have been a part of this joint effort. We are certainly focused on efforts here in our service area, and we recognize the need to bridge the gap between housing needs and available resources statewide (and beyond). CLF will continue to look for opportunities to transform lives and build strong communities, and we encourage you to consider how you might become part of the solution, as well.