Greenville is facing a level of growth that is unprecedented in our lifetime. There are many positive aspects of our city’s growth and success, however, the most challenging unintended consequence of this growth is the pressure it creates on our affordable and workforce housing supply. This pressure can leave long-time residents and citizens vital to our local workforce without suitable options for housing.
Phase II-Housing Trust Fund
Since the Greenville City Council appropriated $2 million to support affordable housing, the City of Greenville has continued to work with czb, LLC. A 13-member working group has been identified to lead the development of a housing trust fund by December, 2017, and evaluate broader issues that affect housing affordability.
May 1 Meeting Summary
Phase I-Balancing Prosperity and Affordable Housing in Greenville
The report was the culmination of over 6 months of work by a 25-member volunteer steering committee, including three (3) members of City Council, to develop a strategy and offer recommendations to aid in the creation and retention of affordable housing options. The Steering Committee worked with Charles Buki and czb, LLC. to develop the strategy.
The report was completed and presented to City Council on November 28, 2016. Included in the report were two recommendations: (1) the active preservation of existing units that are already affordable as well as the production of new units and (2) the acquisition of property to support the production of new affordable housing. The plan further recommends the creation of a Housing Trust Fund, a non-profit 501©(3) organization, to receive contributions and distribute funding according to established guidelines established.Affordable Housing Presentation
On January 9, 2017, City Council adopted the Balancing Prosperity and Housing Affordability in Greenville report and appropriated $2 million toward the implementation of the recommendations made in the report. The report also recommended that philanthropy, corporate and other charitable organizations leverage the City’s contribution with an investment of $1 million.