Affordable housing is one of the City’s top priorities as outlined in GVL2040, the Greenville’s comprehensive plan for the coming decades. Under GVL2040, the City is spending an entire year rewriting its development code to reflect the long-term commitment to affordable housing options.
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.
Leaders recognize the need for affordable housing options because these days, 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.
Forms and Applications
The City is seeking applications from qualified residential builders and contractors to construct and/or rehabilitate low and moderate income housing within the city limits of Greenville.