Opportunity South Carolina Uses $89 Million in JEDA Bonds for Workforce Housing
Greenville, Richland and Spartanburg Counties
Opportunity South Carolina (OPSC) is using $89,415,000 in bond financing through the South Carolina Jobs-Economic Development Authority (JEDA) to acquire and rehabilitate 651 affordable housing apartments in Columbia, Greenville and Spartanburg.
The Economic Development Revenue Bonds will be used by OPSC to finance the following projects:
| Windsor Shores Apartments | Columbia, SC Richland County | $22.35 Million | 176 Units |
| The Park at Sondrio | Greenville, SC Greenville County | $39.2 Million | 271 Units |
| The Park at Vietti | Spartanburg, SC Spartanburg County | $27.865 Million | 204 Units |
“The difficulty in securing affordable housing just keeps growing for working South Carolinians. JEDA financing is helping us make significant strides in addressing this challenge,” said Mark Elliott, Chairman and CEO of OPSC, a 501(c)3 that partners with lenders, community foundations, and other organizations on economic development and affordable housing projects across the state.
“We’re excited to be able to work with OPSC to secure tax-exempt financing for these important projects in the Upstate and the Midlands,” said Ray Jones, Bond Counsel with Parker Poe Adams & Bernstein, LLP, in Columbia.
“Affordable workforce housing is a growing priority across the Palmetto State. JEDA is pleased to assist OPSC in leveraging favorable financing for these three projects,” said Harry A. Huntley, CPA, Executive Director of JEDA in Columbia.
