Reps. COBB-HUNTER and B.J. COX propose the following Amendment No. to H.4025 as Passed By The House

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EXPLANATION: Directs $5 million from the Housing Trust Fund at SC Housing to fund the collaboration with SC Habitat for Humanity and directs the entities to establish a memorandum of understanding for the distribution and maintenance of funds. Limits percentage of allocation by county and includes reporting requirement.

Amend the bill, as and if amended, Part IB, Section 42, HOUSING FINANCE & DEVELOPMENT AUTHORITY, page 389, proviso 42.6, lines 22-24, by striking the proviso in its entirety and inserting / 42.6. (HFDA: Collaboration) In accordance with the South Carolina Housing Trust Fund Act (�31-13-450), the South Carolina State Housing Finance and Development Authority may collaborate with Habitat for Humanity South Carolina by providing up to $5,000,000 in existing funds for the current fiscal year. These funds shall be used to increase and preserve affordable homeownership across the state through a lump-sum block grant allocated to Habitat for Humanity South Carolina. Habitat for Humanity South Carolina shall administer the affordable housing proposal and oversee programmatic obligations to local Habitat for Humanity affiliates. The two entities shall establish a memorandum of understanding no later than July 31 which outlines the distribution and maintenance of funds and eligible project activities, including a program implementation stipend. Of the $5,000,000, Habitat for Humanity South Carolina shall not allocate more than twenty percent of the total annual funding in any single county during the fiscal year, in accordance with �31-13-445. An annual report summarizing the expenditure of funds shall be submitted to the Governor and the Chairmen of the Senate Finance and House Ways and Means committees no later than June 30. /

Renumber sections to conform.

Amend totals and titles to conform.