Home ownership is one of the key components to building sustained financial wealth for a family. In an effort to increase participation in the American dream of owning a home, Palmetto CAP’s Affordable Housing program builds and sells affordable housing for first-time homeowners who are income-eligible.The target population for this program is “Workforce Housing” where the houses may be purchased by families with incomes at 80% of median or below.
Subsidies may be available for qualified buyers. This program utilizes partnerships with the City of Charleston’s Department of Housing and Community Development, SC Community Loan Fund, and the Department of Housing and Urban Development (HUD).
Must meet income eligibility requirements. Applicant income may not exceed 80% of the area median income (see chart below)
Must be a first-time homeowner as defined by the City of Charleston
Must be able to get a bank loan for at least $120,000
Must participate in 8 hours of homeownership training
Must be able to reside in home for at least 10 years
The Affordable Housing program also has limited subsidized rental units available throughout the Lowcountry for income-eligible families.
For more information on this program, please call Florence Peters at 843-724-7353.
The New Promise Permanent Housing Program
For some people who have experienced homelessness multiple times or for a sustained period of time, getting back on their feet requires a little more support. That’s where the New Promise Permanent Housing Program comes in. This program provides housing and wrap-around services for eligible program participants whose cases may need more intensive management. In addition to providing permanent housing for the chronically homeless, New Promise also helps participants increase skills and/or income and increase self-sufficiency. This program is funded by HUD for individuals who meet the guideline below.
An unaccompanied homeless individual or family with a disabling condition.
Must be continuously homeless for a year or more OR has had four (4) episodes of homelessness in the past three (3) years.
A person must have been in the streets or in an emergency shelter (not transitional housing) during these episodes.
Must be able to prove one of these disabilities (as defined by HUD): mental illness, chronic alcohol/drug abuse, recovery from surgical procedures, HIV/AIDS, developmental challenges, veteran, survivor of domestic violence.
Must meet federal income guidelines.
For more information on this program, please call Doris Grant at 843-724-6760 ext. 518.
To apply for the SC HELP mortgage assistance program, please call the Asset Building department at 843-720-3718. This program can assist responsible homeowners with a grant up to $36,000 to help them stay in their home.
To apply for assistance to pay delinquent rent in an effort to prevent eviction, please contact the General Emergency Assistance Program. Appointments to be pre-screened for rent assistance can be made at 1-844-769-6448 or via the Schedule An Appointment page.