Statistics – Beaufort Jasper Housing Trust https://bjht.millerdesignandmarketing.com Expanding Access to Affordable Housing Fri, 04 Oct 2024 18:59:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 The Current State of Workforce and Affordable Housing https://bjht.millerdesignandmarketing.com/the-current-state-of-workforce-and-affordable-housing/ Fri, 04 Oct 2024 18:58:23 +0000 https://bjht.millerdesignandmarketing.com/?p=1529
  • The need for affordable and workforce housing exceeds 7,300,000 in the U.S. Single family home pricing has eliminated many low to moderate income families from purchasing a home.
  • Lack of single-family home opportunities has increased the demand on apartments with rental prices reaching record highs.
  • The pandemic, rising interest rates, supply chain issues, and construction costs have contributed to slower production.
  • Potential federal increases in available tax credits may be on the horizon, however, the state and local resources will be expected to solve the issue of housing.
]]> Site Visits to Grantees https://bjht.millerdesignandmarketing.com/site-visits-to-grantees/ Tue, 30 Jul 2024 19:55:48 +0000 https://bjht.millerdesignandmarketing.com/?p=1068

The eight organizations that were approved for funding have been busy providing their due diligence packages. Our office is currently scheduling site visits to meet key personnel and volunteers, see completed work and also meet some of the people impacted by each of these programs. We look forward to meeting with each of the organizations over the next month!

]]> South Carolina Housing Profile https://bjht.millerdesignandmarketing.com/south-carolina-housing-profile-infographic/ Mon, 29 Jul 2024 19:37:18 +0000 https://bjht.millerdesignandmarketing.com/?p=1054

The 2024 South Carolina Housing Profile was released by the National Low Income Housing Coalition

]]> National Association of Homebuilders Releases Plan to Address the Housing Shortage https://bjht.millerdesignandmarketing.com/national-association-of-homebuilders-releases-plan-to-address-the-housing-shortage/ Mon, 24 Jun 2024 20:15:09 +0000 https://bjht.millerdesignandmarketing.com/?p=1077 The National Association of Homebuilders (NAHB) has released a 10-point plan to address the nationwide shortage of 1.5
million housing units – targeted to tame rent and homeownership costs and to identify
the barriers that hinder the construction of new homes and apartments.

1. Eliminating excessive regulations that inflate housing costs.
2. Promoting careers in skilled trades to address labor shortages.
3. Fixing building material supply chains and easing costs.
4. Passing federal tax legislation to expand affordable housing production.
5. Overturning inefficient local zoning rules to increase housing density.
6. Alleviating permitting roadblocks to expedite housing projects.
7. Adopting reasonable and cost-effective building codes.
8. Reducing local impact fees and upfront taxes associated with housing construction.
9. Making it easier for developers to finance new housing.
10. Updating employment policies to promote flexibility and opportunity.

]]> SC Housing announces an additional $10 million for 2024 Hometown Heroes Program https://bjht.millerdesignandmarketing.com/sc-housing-announces-an-additional-10-million-for-2024-hometown-heroes-program/ Fri, 21 Jun 2024 18:37:55 +0000 https://bjht.millerdesignandmarketing.com/?p=1277

On May 30, 2024, SC Housing announced the release of $10 million in additional funding for the Palmetto Heroes program. Eligible
participants can benefit from a competitive, fixed-rate mortgage through SC Housing’s First-time Homebuyer Program and receive $12,000 in forgivable down payment assistance. Funding is limited and requires an executed sales contract on a home. Contact a local real estate agent or lender for more information!

]]> SC Housing Announces Hometown Heroes Program for 2024 https://bjht.millerdesignandmarketing.com/hud-announces-area-median-incomes-for-2024-cloned/ Thu, 30 May 2024 17:54:32 +0000 https://bjht.millerdesignandmarketing.com/?p=1261

Eligible participants can benefit from a competitive, fixed-rate mortgage through SC Housing’s First-time Homebuyer Program and receive $12,000 in forgivable down payment assistance. The initiative, available on a first come, first-served basis starting April 15, requires an executed sales contract on a home.

The 30-year mortgage loans are accessible through SC Housing’s network of over 100 participating lenders statewide, subject to meeting first-time homebuyer and income requirements. The program, not applicable for refinancing, has historically seen high demand, with reservations typically filling up within a few months.

]]> HUD Announces Area Median Incomes for 2024 https://bjht.millerdesignandmarketing.com/hud-announces-area-median-incomes-for-2024/ Sat, 25 May 2024 17:19:24 +0000 https://bjht.millerdesignandmarketing.com/?p=1249

The Area Median Income (AMI) is a vital statistic utilized in housing and community development initiatives. It assists in ascertaining eligibility for a range of housing aid programs. The Department of Housing and Urban Development (HUD) establishes income thresholds that dictate qualifications for affordable housing.

County Area Median Income (4-person household)

Beaufort County $106,400
Jasper County $71,800
]]> Median Rents in March 2024 https://bjht.millerdesignandmarketing.com/1150-2/ Sun, 14 Apr 2024 13:43:52 +0000 https://bjht.millerdesignandmarketing.com/?p=1150

Median Rents in March 2024*

South Carolina $1,820.00
Beaufort $2,300.00
Port Royal $2,400.00
Yemassee $1,500.00
Hilton Head $3,500.00
Bluffton $2,600.00
Hardeeville $2,600.00
*information obtained from Zillow

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