Greenville, SC – July 1, 2025 – In a collaborative effort to strengthen the landscape of affordable housing in South Carolina, Homes of Hope and Affordable Upstate have finalized the transfer of 18 single-family rental homes in Rock Hill. This partnership safeguards the affordability of the units while supporting the continued growth and mission-driven work of both organizations.
The project reflects a shared vision: ensuring that South Carolina families continue to have access to stable, affordable housing—even as the region faces escalating housing costs and a significant shortage of quality affordable units.
“This transaction will be transformational in its impact, and more importantly, incredibly stabilizing for the families living in these homes,” said Don Oglesby, President & CEO of Homes of Hope.
The homes will remain affordable under the stewardship of Affordable Upstate, whose mission is to preserve affordability through intentional ownership and community-centered housing solutions.
This strategic decision allows Homes of Hope, a leading provider of affordable housing and workforce development in South Carolina, to maximize its capital needs while ensuring the long-term affordability of these homes for families who need them most. The sale reflects a shared commitment to addressing the region’s deepening housing crisis through thoughtful collaboration and forward-looking solutions.
South Carolina faces a dire shortage of affordable housing, with thousands of families burdened by rising rents and limited housing options. By transitioning ownership of the Rock Hill properties to Affordable Upstate, Homes of Hope ensures continuity in affordability while preserving the integrity of its mission and positioning itself for continued impact in the years ahead.