Program areas at South Carolina Community Loan Fund
Community facility (cf) scclf provides Community facility loans generally up to $1,000,000 to finance acquisition, pre-development, infrastructure, construction, rehabilitation, and permanent financing development costs. Scclf finances the construction and renovation of Community facilities including, but not limited to, recreation centers, day care centers, health care centers, senior centers, charter schools, homeless shelters, and transitional housing in underserved South Carolina communities. In 2022, scclf made 8 loans totaling $3.8mm to Community facilities located throughout the state.
Affordable housing (ah): scclf provides loans generally up to $1,000,000 to finance the construction, rehabilitation or redevelopment of home ownership and rental units that are affordable to low to moderate income families. In 2022, scclf made 5 loans totaling $1.2mm to affordable housing facilities located throughout the state.
Scclf provides loans, generally up to $1,000,000, to finance acquisition, predevelopment, infrastructure, construction, renovation, leasehold improvements, machinery and equipment, working capital, and permanent financing business costs. Scclf finances the capital needs of Community businesses serving and employing low to moderate income individuals located in underserved South Carolina communities. In 2022, scclf made 12 loans totaling $4.4mm to small businesses located throughout the state.
Other programs