We have a two-fold approach. The first approach is the financial model that allows us to renovate and provide housing to our residents at an affordable and equitable standard every time. The social initiative’s approach of Hearth & Ethos then works to support and equip our residents to move from survival to self-sufficiency with programs like financial literacy, credit repair, youth engagement, mental health counseling, career development, and more.
-85,571
Shortage of rental homes affordable and available for extremely low income renters
26,200
Maximum income for 4-person extremely low income household (state level)
37,598
Annual household income needed to afford a 2 bedroom rental home at HUD's Fair Market Rent
40 out of 46 counties
A basic two-bedroom apartment is not affordable
In 40 of 46 counties statewide, the average South Carolina renter cannot afford a basic two-bedroom apartment without overextending their budget, and most workers in the state's most common occupations are similarly distressed.
Enough inventory for only 20% of low-income renters
There are 72,565 subsidized housing units in South Carolina, only enough to serve 20% of low-income renters statewide. Over 30% of those not receiving assistance reside in the state's three most populated counties.
72,565 available subsidized units
Over 140,000 renters
24% spend more than half their gross income on rent
Over 140,000 renter households experience severe cost burden, meaning that they spend more than half their gross income on rent or have no income at all. This represents 24% of all renters in South Carolina.