Town of Cheraw

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Neighborhood Initiative Program

PURPOSE:

The Neighborhood Initiative Program (NIP) is designed to stabilize property values and prevent future.  Foreclosures for existing property owners in strategically targeted areas through the removal of blighted structures.

NIP will assist communities by acting as a catalyst to stimulate redevelopment and revitalization in areas suffering from blight and decline, stabilizing values and assisting in the preservation of existing neighborhoods.  NIP is a joint venture of the South Carolina State Housing Finance and Development Authority and the SC Housing Corp (SCHC), a not-for-profit corporation.  NIP is made possible by the U.S. Department of the Treasury.

GENERAL INFORMATION:

The Town of Cheraw, along with the Town of Cheraw Community Development Corporation, was awarded $577,767 to combat blighted properties.

Targeted properties will be purchased by the Town of Cheraw Community Development Corporation and the existing structures will be removed.  Afterward, the property will be maintained for a period of at least three years.

For more information regarding the NIP program please contact Mike Smith, Cheraw Town Administrator, at 843-537-8400.

FUNDING INFORMATION:

Target Area:

Targeted
Properties:

Funding:

Cheraw Primary

6

$110,600

Northeastern

8

$132,700

Western

8

$132,700

Southeastern

12

$201,767

                        

 

 

TARGET AREAS:

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