Affordable Housing – Beaufort Jasper Housing Trust

SC Housing Updates

aaron29902 — Mon, 15 Jul 2024 20:00:16 +0000

BJHT staff participated in a 2025 Qualified Allocation Plan (QAP) roundtable discussion last month. The QAP is the guiding document that developers use for new affordable housing units. The applications with the highest points will qualify for the limited state and federal tax credits available each year. BJHT will be sure to announce any approved projects for 2024 once final scoring has taken place.

On June 21, 2024, SC Housing announced that Palmetto Heroes program was closed for 2024. We anticipate this program will return again in 2025. Don’t forget that SC Housing has other homebuyer incentive programs that are available year-round. Qualifications vary by program, but you can contact an Approved Lender to get more information!

Carrington Manor Construction Update

aaron29902 — Thu, 27 Jun 2024 18:25:16 +0000

The next phase in construction has begun on the site. The elevator shaft has been constructed and crews are working to start the foundation. Carrington Manor, a Low-Income Housing Tax Credit (LIHTC) project, is BJHT’s inaugural project in the area. This community is designed for seniors aged 55 and older with eligible incomes.

Main Street at Hardeeville Update

aaron29902 — Tue, 25 Jun 2024 18:30:04 +0000

Developers for the project have advised BJHT that they will delay their application for federal and state tax credits until 2025. Competition for the limited amount of resources is fierce and BBR, LLC is hopeful their application will be a top contender for funds next year. Funding layers from many sectors continues to be crucial for the successful production of affordable housing.

BJHT will provide updates for the project once SC Housing opens LIHTC applications in 2025. Main Street Village at Hardeeville would be a new affordable housing community in the city of Hardeeville, SC. The first phase of the project will consist of 80 apartment homes (studio, 1, 2 and 3 bedrooms).

Groundbreaking Ceremony for “The May”

aaron29902 — Thu, 20 Jun 2024 18:47:17 +0000

On Thursday, May 30, 2024, the Town of Bluffton marked the groundbreaking of a new affordable housing community featuring 12 homes on May River Road. Board members from BJHT, key lawmakers, and contributors to the project were in attendance. This initiative is a collaborative effort between the Town of Bluffton and Workforce State of Mind, LLC, with numerous local partners playing a role in reaching this milestone. The community is expected to open in Spring 2025.

Carrington Manor Site Prep

aaron29902 — Wed, 22 May 2024 17:11:42 +0000

Site preparation has recently commenced for the 64-unit senior community at 2247 Boundary Street. Carrington Manor, a Low-Income Housing Tax Credit (LIHTC) project funded by SC Housing and BJHT’s inaugural project in the area, is designed for seniors aged 55 and older with
eligible incomes.

Commitment to Fund Main Street Village

aaron29902 — Mon, 20 May 2024 17:04:44 +0000

Commitment for Funding Main Street Village at Hardeeville

BJHT is pleased to announce the commitment to fund of Main Street Village at Hardeeville to BBR Development, LLC. The organization will receive a loan of $440,000 from BJHT to develop a new affordable housing community in the city of Hardeeville, SC. The first phase of the project will consist of 80 apartment homes (studio, 1, 2 and 3 bedrooms). The Developer has filed a preliminary tax credit application with SC Housing. With an award of federal and state housing tax credits, construction is anticipated to begin in Spring 2025.