Beulah White,
Executive Director

(Street Address)
829 Front Street, Suite K
Georgetown, SC 29440

Phone: (843) 527-4596/3035
Fax: (843) 527-3878
fiveriverscdc@aol.com

Incorporated: 1995

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STRATEGIES & ACCOMPLISHMENTS

Five Rivers Community Development Corporation (FRCDC) develops affordable housing and fosters economic and leadership opportunities for Georgetown County residents.

Affordable Homes
The organization developed Poplar Place, an affordable subdivision of eight three-bedroom homes for sale to Georgetown County residents earning 60 to 80 percent of the area median income. Because it is the first quality, affordable subdivision to be built in the Pawley's Island area, the South Carolina Department of Commerce nominated Poplar Place for a HUD Best Practices award.

FRCDC also provides financial resources such as a mortgage assistance program and credit counseling for first-time low- and moderate-income homebuyers. It created the "I Want My House" homebuyers curriculum as the foundation for its housing counseling and development services. The curriculum includes reading, writing, arithmetic, and homeowner counseling. It is intended to help people determine whether or not to buy a house and then if they choose to buy, prepares them for the endeavor. Seventy-five people have graduated from the program, 30 of which have gone on to purchase their own homes.

Economic Development
FRCDC fosters economic development through job and entrepreneurial training. "Diamonds in the Rough," its economic and leadership development program, trains mainly single female heads-of-households and youth between the ages of 14 and 21 to identify, access, and leverage capital for business development. Thirty-seven people have graduated from the program, creating 12 new businesses.

FRCDC runs an Individual Development Account (IDA) program that provides $3 in matching funds for every $1 that a participant saves for the purchase of a home, start of a business, or post-secondary education. Twelve people have IDAs, two of which have met the $1,000 savings goal and will be receiving matching funds.