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H 3738 South Carolina House · 2025-2026 Regular Session

South Carolina Housing Development Revenue Enhancement Act

Summary
A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "SOUTH CAROLINA HOUSING DEVELOPMENT REVENUE ENHANCEMENT ACT" BY ADDING SECTION 31-3-1700 SO AS TO ENABLE HOUSING AUTHORITIES TO UTILIZE TAX INCREMENT FINANCING (TIF) AND OTHER REVENUE MECHANISMS, TO SUPPORT THE DEVELOPMENT AND FINANCING OF AFFORDABLE HOUSING, TO ENCOURAGE PUBLIC-PRIVATE PARTNERSHIPS, AND TO INCLUDE PROJECT-GENERATED REVENUES AS A SECONDARY SOURCE OF REPAYMENT FOR BONDS ISSUED.
Issues: ✓ Budget & TaxesSupports Budget & TaxesEnables TIF and project revenues for affordable housing funding, enhancing fiscal tools to support essential housing programs through innovative revenue mechanisms.90% confidence ✓ HousingSupports HousingEnables TIF and revenue mechanisms to fund affordable housing development, public-private partnerships, and bond repayment via project revenues, directly advancing affordable housing goals.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 15, 2025 Last action Jan 29, 2025
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Jan 15, 2025
Committee
Referred to Committee on Ways and Means
lower
Jan 15, 2025
Introduced
Introduced and read first time
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Wendell Jones
Wendell Jones
DDemocratic
SC
25