Greenville Housing Fund

The Village on Vance is a project that provides six newly constructed single family rental homes at an affordable price. Soteria Community Development Corporation (CDC), the developer of The Village on Vance, built each home using a “green” approach. The three bedroom, two bath homes feature Energy Star appliances and energy efficient windows, doors, lighting, and siding. This new community is located in the Woodside Mill neighborhood in Greenville, SC.

Soteria CDC developed partnerships with both the Upstate Homeless Coalition of South Carolina (UHCSC) and the South Carolina State Housing Finance and Development Authority to provide these affordable rental houses. Candidates for these houses fall within 50-60% below the median income of Greenville. Because of Soteria CDC’s dedication to service, as well as the wonderful collaborations formed, $722,000 in grants and funds were provided for the construction of The Village on Vance. These outstanding contributions came from a number of sources, including: the SC Housing Trust Fund for $300,000; the SC Department of Commerce for $100,000; HOME funds (HUD) for $198,000; City of Greenville Housing Development Funds for $7,000; BB&T Bank for a $55,000 loan; and Matching Funds for a $62,000 equity.

The Village on Vance will better the Woodside Mill neighborhood, and ultimately enhance the Greenville community as a whole. These improvements are in the terms of affordability, community sustainability, health quality and safety. Affordability is achieved through the “green” building practices and home upkeep, therefore cutting the cost of maintenance and operation. Sustainability will be promoted by residents enjoying their homes and wanting to stay in the community in which they have lived and can afford. The final and most important improvement is obtaining better health and safety for Greenville residents by providing new and energy efficient homes.

The Greenville Housing Fund is proud to support Soteria CDC in creating affordable and quality housing in the Greenville community. The work of all partners involved has not gone unnoticed, and will continue to improve Greenville for years to come. Click here to view photos of the ribbon cutting.