2017 Greenville Housing Affordability Plan

2017 Greenville Housing Affordability Plan

Housing Plan

The 2017 Affordable Housing Supplement for Greenville advocates for a dedicated Housing Trust Fund to tackle the city’s growing housing crisis. This report highlights the challenges faced by low-income residents due to increasing housing costs, with nearly 40% of Greenville households experiencing significant housing cost burdens. The Housing Trust Fund aims to bridge the affordability gap by supporting mixed-income developments, land acquisition, and policy advocacy for better wages and housing protections. The fund would provide flexible financing to stimulate the production and preservation of affordable units, particularly for households earning below $35,000 annually. Initial funding suggestions include contributions from the city, local corporations, and philanthropic groups, with a proposed annual target of 275 new affordable units.

**Key Words**: Housing Trust Fund, affordability gap, mixed-income, cost burden, policy advocacy
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2017