GREENVILLE, S.C. — A $3.3 million affordable rental project in Greenville’s historic Sterling neighborhood has cleared its financing hurdle, with a groundbreaking scheduled for Nov. 5, according to the Greenville Journal and a release from the Greenville Housing Fund.
The Huddle at Sterling, a joint venture between the Greenville Housing Fund and the Sterling Land Trust, will put 10 long-term rental homes in five stacked duplexes on three parcels along Jenkins Street, just off Dunbar Avenue. The two organizations closed on construction financing in late October, the Greenville Journal reported. Neither the release nor the newspaper disclosed the loan amount or named a builder, and no completion date has been announced.
The homes are aimed at residents earning 60% to 80% of area median income, a band the Greenville Journal put at roughly $44,640 to $91,920 a year, and tenant-based housing vouchers will be accepted. Unlike a typical for-sale infill project, the land will stay in community hands: the Sterling Land Trust owns the parcels, will act as landlord and plans to reinvest rental income in neighborhood programs, according to the Journal. The two groups began working together in 2024.
The financing stack shows how many partners it took to get a 10-unit project to the starting line. The city of Greenville and CommunityWorks provided financing, the Bank of America Charitable Foundation contributed a $250,000 grant in 2025, and Bon Secours St. Francis Health System backed the land purchase with a pre-development grant, according to the release. Hollingsworth Funds, Abundance Capital, the Helga Marston Foundation, the Community Foundation of Greenville, the Jolley Foundation, the Jim and Kit Pearce Endowment Fund and a NeighborWorks America capital grant round out the list of supporters.
Greenville Housing Fund President and CEO Deborah McKetty said in the release that “the greatest need for the neighborhood is long-term affordable rental housing.” Sterling Land Trust President James L. Thompson called the closing “a historic day in our community,” the Greenville Journal reported.
At 10 units, the Huddle will not move regional supply numbers on its own. Its significance lies in the model: land held by a neighborhood trust, rents pegged to moderate incomes, and capital pooled from local government, a community lender, banks, a health system and foundations. For developers and investors, it is a reminder that small workforce rental deals in Greenville’s close-in neighborhoods are being assembled largely through mission-driven capital. For renters in the 60% to 80% income range, it adds a modest number of long-term rental homes in a part of the city where the housing fund’s leader has identified rentals as the top need.
The groundbreaking ceremony is set for 11 a.m. Thursday, Nov. 5, according to the Greenville Housing Fund release.
Sources: Greenville Journal, Greenville Housing Fund release via Complete Public Relations
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