Establishes a tax-exempt real estate investment trust to fund affordable housing in South Carolina.

The South Carolina Affordable Housing Tax-Exempt REIT Act creates the South Carolina Affordable Housing Real Estate Investment Trust (SCAH-REIT). This trust aims to increase the supply of affordable housing by offering tax exemptions to investors. The SCAH-REIT is funded by an initial allocation of $50 million from the state housing trust fund and can raise additional capital through private investors, corporations, and nonprofits. At least 70% of its assets must be invested in affordable housing projects, with the remaining funds in mixed-income or market-rate developments.

Establishes a tax-exempt real estate investment trust to fund affordable housing in South Carolina.

The South Carolina Affordable Housing Tax-Exempt REIT Act creates the South Carolina Affordable Housing Real Estate Investment Trust (SCAH-REIT). This trust aims to increase the supply of affordable housing by offering tax exemptions to investors. The SCAH-REIT is funded by an initial allocation of $50 million from the state housing trust fund and can raise additional capital through private investors, corporations, and nonprofits. At least 70% of its assets must be invested in affordable housing projects, with the remaining funds in mixed-income or market-rate developments.