South Carolina Programs

Government Grants & Incentives for Real Estate Investors in Charleston

Charleston's tourism-driven economy and SC State Housing Finance and Development Authority's LIHTC program create opportunities in one of the most desirable markets in the Southeast. The city's workforce housing need is acute.

8 designated tracts
Opportunity Zones
$1,404
Section 8 (2-BR)
LIHTC
Tax Credits Available
4
Local Programs

State Housing Finance Agency

SC State Housing Finance and Development Authority

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Public Housing Authority

Housing Authority of the City of Charleston

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Local Programs

Charleston Government Incentive Programs

These programs are available specifically to investors and developers in the Charleston, SC market.

SC Housing LIHTC Program

South Carolina allocates LIHTC credits with Charleston-area projects receiving allocation due to housing demand.

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Charleston Affordable Housing Bond

City-issued bonds funding affordable housing production and preservation.

Charleston County CDBG/HOME

Federal community development funds for affordable housing production and neighborhood improvement.

SC Workforce Housing Initiative

State-level programs addressing the affordable housing gap for the tourism and hospitality workforce.

LIHTC Tax Credits in South Carolina

Low-Income Housing Tax Credits are the largest source of affordable housing financing in the U.S. In South Carolina, credits are allocated by SC Housing.

How LIHTC Works

  • Dollar-for-dollar federal tax credit over 10 years
  • 9% competitive credits for new construction
  • 4% credits paired with tax-exempt bonds
  • 15-year compliance period for affordable rents

South Carolina Allocator

Credits are allocated by SC Housing through their Qualified Allocation Plan (QAP), which outlines scoring criteria and priorities.

View SC Housing LIHTC Program
Investor Tips

Why Invest in Charleston?

Tourism workforce creates massive demand for affordable housing

High FMRs driven by overall market appreciation

8 Opportunity Zones in areas like North Charleston with upside potential

City bonds provide additional funding for affordable projects

Finance Government-Incentivized Properties in Charleston

FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in Charleston.

DSCR Loans

Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.

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Bridge Loans

Short-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.

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Portfolio Loans

Finance multiple properties in Charleston's Opportunity Zones under a single loan structure.

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Frequently Asked Questions

Get Financing for Investment Properties in Charleston

Tell us about your Charleston investment plans. We'll match you with the best financing options within 24 hours.

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