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Affordable Housing and Home Ownership

Through Carolina First and Mercantile Bank, we are committed to the provision of affordable housing and homeownership opportunities throughout the communities we serve. Through our strategic partnerships and community outreach efforts, we provided over $38 million in affordable housing and homeownership financing for families throughout the Carolinas and Florida.

Carolina First Initiatives
Carolina First demonstrates a commitment to affordable housing and homeownership through partnerships with SC State Housing, the Federal Home Loan Bank, local government, community-based organizations and affordable housing providers. For example, we partner with the City of Columbia and other community-based development corporations to provide financing for low- and moderate-income and first-time homebuyers in Empowerment Zone and Renewal communities. Through our partnership with a local Habitat for Humanity, we provided financing in support of a small subdivision for low-income homebuyers. Additionally, Carolina First has financed the construction and renovation of homeless shelters, transitional housing and recovery shelters for substance and domestic abuse victims throughout various communities across South Carolina.

Mercantile Bank Initiatives
Mercantile Bank demonstrates a commitment to affordable housing and homeownership through partnerships with Florida State Housing, local government, community-based organizations and affordable housing providers. For example, we partnered with a local homebuilders association who provides housing repair services to low- and moderate-income residents. Additionally, the bank provided financing to an affordable housing non-profit organization in support of housing development and homeownership assistance for families in need.


 
The South Financial Group
PO Box 1029
Greenville, SC 29602

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