Yvonne Oneal found safe, affordable housing as a resident of Renaissance Park senior housing apartments.
First-time homeowner Joi Phillips said the down-payment assistance program helped her seal the deal on her new home. Watch Joi's Story
Christina Milagria (right) celebrated with family, friends and Habitat volunteers at the wall raising for her Habitat for Humanity home.
Lonnie Hudgens was overjoyed to move into her new affordable rental home with her grandsons. Watch Lonnie's Story
Making Livability OUR Priority
Greenville is being developed for ALL residents. We are taking meaningful action to create affordable housing.
Our new development code includes affordable housing incentives and focuses on balanced growth that creates opportunity for everyone to thrive.
The city has made specific investments in affordable housing every year since the 2018 Affordable Housing Action plan – more than $10.5 million so far with an additional $14 million planned over the next five years. During the past 24 months, the Planning Commission has approved 618 new affordable units citywide ranging from 30% to 100% AMI.
There is $3 million in City investment (affordable owner/rental and infrastructure) that have received Planning Commission approval using incentives provided in the Unity Park Character Code and the Bailey Bill – Historical Rehabilitation Tax Abatement Program.
In 2022, the City will use an innovative approach to leverage $3.6 million in Community Development Block Grant (CDBG) funds for infrastructure investments in our Special Emphasis Neighborhoods, including 2.3 miles of new sidewalks, curbs and gutters increasing connectivity, walkability and safety.
WHAT IS AFFORDABLE?
Strictly speaking, affordable housing is housing that doesn’t take up more than a third of your monthly income.
So, if you’re earning $3,000 a month ($36,000/year), that’s no more than $1,000/month.
Median income in Greenville is about $60,000 – that’s $5,000/month. Therefore, affordable housing is anything that doesn’t top $1,667/month. Depending on credit scores, down payments and other variables, that’s enough to buy a $250,000 home.
But here’s the problem: median housing values are now above $300,000 in the city, meaning median income families are being squeezed out. In the end, it comes down to the fact that as housing prices rise, families are forced to either overpay or move further away, putting both pressure on their wallets and overall quality of life.