Midlands Housing Trust Fund, Inc

The mission of the Midlands Housing Trust Fund is to promote community development through financing, technical assistance, and advocacy for the creation and preservation of affordable housing for households at or below 80% of Area Median Income in the Midlands region of South Carolina.

The Midlands Housing Trust Fund (MHTF) loans money to build affordable housing in underserved communities. These loans provide quality housing for working families, senior citizens, and disabled adults within their financial means. Midlands Housing Trust Fund lending activity also contributes over $5.0 million annually to the overall regional economy by improving neighborhoods, stimulating purchasing, creating jobs, and providing a net gain in state tax revenue. As a nonprofit, community-based organization, the Midlands Housing Trust Fund offers special incentives to investors and donors. Contributions to the MHTF can be eligible for a 33% South Carolina Community Economic Development tax credit against any SC state tax liability. Banks receive Community Reinvestment Act (CRA) credit for their support of the MHTF. Since 2011, the MHTF has provided over $4.2 million in loan funding that leveraged more than $45 million in financing from other public and private sources to create 512 units of affordable housing for households at or below 80% of area median income (approximately $57,000 for a family of four).

Testimonials

The Midlands Housing Trust Fund was a recipient of the CDFI Fund Rapid Response Award and Economic Recovery Program Award to support economic recovery to offset the challenges to local and regional economies from the health pandemic and economic slowdown. With loan capital in hand, MHTF is able to participate in lending for multi-family developments that will increase affordable housing stock by 40-120 units over the next year.