SC Housing Launches Rental and Mortgage Assistance Program > Columbia Business Report

SC housing launched a $25 million rental and mortgage assistance program designed to help residents facing financial hardship due to the COVID-19 pandemic.

Qualified applicants for the SC Stay program can receive up to $7,500 for six consecutive months of short-term rental and mortgage assistance, according to a news release. Funds can be used for rent arrears through February 2020 and/or for future rent payments.

Assistance is available for families or individuals who certify that their income is at or below 80% of the County Median Income Requirements (.pdf) and demonstrates that they are unable to pay some or all of their rent or their mortgage, or are behind on those payments, due to circumstances related to COVID-19. Applicants must also have landlords or lenders confirm their overdue status and be willing to accept payment on their behalf.

“Affordable, safe and decent housing is a basic human need, and it has never been clearer than during this COVID-19 pandemic,” Bonita Shropshire, executive director of SC Housing, said in the statement. “We know that tens of thousands of South Carolina have been and continue to be affected by this health and financial crisis. Our hope is that this assistance will help more people stay in their homes during this critical time. »

To begin the application process, visit http://scstay.org or call 833-985-2929. After an initial screening, one of SC Housing’s contract processing agencies will contact applicants to complete the process. Applications will be considered on a first-come, first-served basis until program funding is exhausted.

The program is funded by the U.S. Department of Housing and Urban Development Community Development Block Grant program – Coronavirus funds and is part of the CARES Act. The SC Department of Commerce is distributing federal funds and has asked SC Housing to serve as the lead agency for rent and mortgage assistance payments for residents impacted by COVID-19, according to the release.