Homes of Hope Expands Development Activities with JEDA Bonds Financing

GREENVILLE, SC – Homes of Hope Inc. is using $6,420,000 of tax-free revenue bonds issued by the South Carolina Jobs-Economic Development Authority (JEDA) to expand its housing programs.

The Series 2014A revenue bonds will be used to finance single family rental homes for low and moderate-income residents in Anderson and Laurens counties.

Founded in 1998, Homes of Hope rebuilds communities through developing energy-efficient affordable housing and rebuilds the lives of men overcoming addictions through job training and mentoring. The organization’s housing programs include rental and homeownership options coupled with financial wellness training, as well as permanent housing solutions for home-less service providers. Its one-year residential program for men overcoming drug and alcohol addictions trains its participants in the area of specialized constructed-related job skills.

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About JEDA

For more than 30 years, JEDA has promoted the business and economic welfare of South Carolina by assisting in the financing of public and private projects throughout the Palmetto State. JEDA serves as a statewide conduit issuer of special obligation revenue bonds and acts on behalf of the borrower to access financial markets and capital. Since its creation in 1983, JEDA has facilitated the issuance of 446 bonds for over 8.1 billion and resulting in the creation and retention of more than 213,000 jobs.

For more information regarding JEDA, please visit our website at www.scjeda.com or contact 
Harry A. Huntley, CPA, Executive Director, at (803) 737-0268 or [email protected].