Looking for affordable housing in Rock Hill? How a $1.2 million boost will help. - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 16, 2019 Newswires
Share
Share
Post
Email

Looking for affordable housing in Rock Hill? How a $1.2 million boost will help.

Herald (Rock Hill, SC)

Sep. 16--ROCK HILL, S.C. -- Rock Hill, SC

A record grant will mean more affordable housing options in Rock Hill.

At a Rock Hill City Council workshop Thursday, city grants administrator Krista Parenti announced the Housing Development Corporation of Rock Hill received a $1.2 million South Carolina Housing Authority grant that will pay for eight new homes in Sunset Park.

"It is the largest single grant that HDC has ever received," Parenti said.

For the 2018-19 year, the nonprofit group received eight housing, utility assistance, rental, mortgage, first-time homebuyer or related grants. They combine for almost $684,000. The housing development group expects about that amount again in the coming year, in addition to the $1.2 million.

The city also has two pending grant requests for a combined $324,000. That money would go toward home construction in Sunset Park and Catawba Terrace, along with stormwater work and a new bus stop in Sunset Park.

The grant will create two-bedroom, senior housing options with accessibility features.

"That's going to help eight low- to moderate-income families," Parenti said.

The city isn't concerned with having to find them.

What's affordable housing

Dawn Willingham, neighborhood development coordinator with the city, used to give long explanations when asked what she did.

"I finally just decided I would say, I help people buy, fix and keep their homes," Willingham said. "So we kind of adopted that for our mission."

It isn't an easy task. A recent area housing study found a minimum wage worker in York County would need to put in 89 hours a week to afford one-bedroom housing in Rock Hill, based on paying the industry standard 30% monthly income. Several entry-level position pay levels just hit or fell below the threshold needed to rent in Rock Hill.

"We are talking about our retail workers," said Jennifer Wilford, housing and neighborhood services director for the city. "We are talking about our entry-level teachers and firemen. So as we talk about low- to moderate-income, we're really trying to put a picture alongside of this."

A typical vacancy rate is 5%, Wilford said. The Rock Hill study sampled market rate and more affordable apartment options. It found .8% vacancy.

"Not only do we have a balance issue in terms of affordability, we've also got a balance issue in terms of accessibility," Wilford said. "These units are leasing up quickly and they're staying leased up."

The HDC works to help. In the past year, the city had 170 participants in first-time homebuyer classes. Five homeowners were helped to make down payments. The HDC provided $31,000 toward purchases, with the average home price at $146,000.

"In their price range there's not a lot of housing stock out there, and they get into bidding wars for the housing," Willingham said. "So this is where the homes that we have constructed are a great resource for them because they are at that affordable price and they are not competing with investors."

The group also spent $203,000 on 22 home rehab projects. A dozen homeowners were able to stay in their homes through loan modifications. There were 235 default and foreclosure counseling, 132 budgeting counseling and 71 first-time homebuyer sessions.

"There is a real need out there for people to learn how to manage their money," Willingham said. "They are not getting it from home. They are not getting it from school. We are trying to provide that, and of course, it is free of charge."

What's next

Last fall, the HDC adopted a three-year strategic plan. City departments study income, residence and related data. There's a pilot project to model that information to allow elected officials to make policy decisions.

Wilford said the city has money to build nine to 15 units apart from the $1.2 million grant. Leaders met with a Greenville developer on similar efforts there to create mixed-income communities, including affordable housing that doesn't always seem like it.

"It doesn't necessarily look like what people may think we're talking about when we say affordable housing," Wilford said. "This looks like what you would see in Riverwalk, in Baxter, in places like that."

Elected officials will have to decide how far to go in creating mixed-income areas, particularly downtown. Councilwoman Nikita Jackson had concerns with one $1,000 a month benchmark for affordable downtown rent.

"There are still some people that are still just not going to be able to afford that amount," she said. "There are just people who cannot afford to move downtown and move into housing at that price."

Jackson looks at city zoning rules and wonders if there's room to improve. Allowing more apartments in smaller spaces is one issue.

"If we, the city, really want to tackle that, we're going to have to loosen our restraints or revisit our restraints on the zoning, because it's going to prohibit and probably has already prohibited some affordable housing projects," Jackson said.

Wilford said city leaders can determine the viability of affordable housing projects with the rules they set.

"The reality is, the higher the density, the lower the rent can be," Wilford said.

Councilwoman Sandra Oborokumo said she understands the difference in affordable versus low-income housing but wonders whether groups like the local housing authority should have a seat at the discussion table.

"It seems that they should be or could be a part of what we are doing here because they do provide the housing for those who cannot afford the affordable and workforce housing," Oborokumo said.

There's still plenty of work for city leaders, but with the new grant and ongoing efforts, there's a sense of making an impact on the options for affordable housing.

"We're building capacity within the community to start doing more and more of this, in more and more places," Wilford said.

___

(c)2019 The Herald (Rock Hill, S.C.)

Visit The Herald (Rock Hill, S.C.) at www.heraldonline.com

Distributed by Tribune Content Agency, LLC.

Older

Pitts: Arguments over electability are an annoying diversion

Newer

What to Do After a Major Storm Has Passed

Advisor News

  • Your client’s $3 million portfolio doesn’t tell you their insurance needs
  • How life insurance can provide liquidity for wealthy families
  • Retirement providers turn to digital engagement to retain assets
  • Looking out for clients with diminished mental capacity
  • House panel advances CLEAR Forms Act backed by IRI
More Advisor News

Annuity News

  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
  • AM Best to Deliver Presentation at 2026 ACLI Annual Conference
  • Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity News

Health/Employee Benefits News

  • New Findings from Charles J. Homer and Co-Authors in the Area of Health and Medicine Reported (Medicaid and the Financing of Pediatric Healthcare: Strengths and Opportunities): Health and Medicine
  • Investigators from Harvard Medical School Report New Data on Herpes Zoster Virus (Effectiveness of the Recombinant Zoster Vaccine In Adult Patients With Multiple Sclerosis: a Claims-based Retrospective Cohort Study In the United States): Herpesvirus Diseases and Conditions – Herpes Zoster Virus
  • Warner files low-cost public healthcare bill Warner calls for low-cost public health coverage
  • Insurance Department releases 2027 rates
  • Shopping for cheaper health insurance? Oregon regulators warn about risky alternatives
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries
  • Abacus Global Management Completes Landmark $400 Million Securitization
  • New Rules: This bill could help cannabis companies finally get insurance coverage
  • Time to revisit your clients’ life insurance coverage
  • Greg Lindberg files racketeering lawsuit against Causey, rehabilitation officials
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.