Very often, the cost of land and construction is prohibitive for a low-income family and requires significant subsidies. This cut in cost makes a difference, enabling a larger pool of potential homebuyers the chance to purchase an affordably-priced home. The City has had 27 parcels of land donated during the past year for future use as affordable housing sites. Many of these parcels are very small. The City is taking these 27 sites and combining several of the lots to create approximately 15 sites.
Construction is currently underway.
Fifteen new affordable houses are expected in the program's initial year. A unique aspect of this program is that it is self-perpetuating and can exist for an undetermined amount of time. It is anticipated that the program will continue to produce 10-15 units per year. This program is a coordinated effort between a the city, the public, and a nonprofit agency. The City of Rock Hill pays the cost of advertising the program and offers tax breaks to the owners.