Habitat for Humanity of Horry County Partners with South Atlantic Bank

Habitat for Humanity of Horry County has been awarded $200,000 in Affordable Housing Program (AHP) funds from the Federal Home Loan Bank of Atlanta (FHLBank Atlanta), in partnership with South Atlantic Bank as the member bank. This funding will support Habitat’s mission to provide safe, affordable housing solutions for families in Horry County.

The AHP funding will be used to assist with the construction of affordable homes for income-eligible families, empowering them to build strength, stability, and self-reliance through homeownership. These funds will play a critical role in Habitat for Humanity of Horry County’s efforts to address the local housing crisis by increasing access to homeownership opportunities for families in need.

“We are incredibly grateful for this generous award from FHLBank Atlanta and for the partnership of South Atlantic Bank in making this possible,” said Meagan Michal, Executive Director of Habitat for Humanity of Horry County. “This funding is a significant investment in the future of Horry County families, helping us provide more affordable housing and transform lives through homeownership.”
The Affordable Housing Program, offered by FHLBank Atlanta, provides competitive grants to support housing initiatives that serve low- to moderate-income households. By partnering with local banks like South Atlantic Bank, these funds can be leveraged to create lasting impact in communities across the Southeast.

“South Atlantic Bank is proud to support Habitat for Humanity of Horry County in their mission to provide affordable housing,” said Travis Minter, Executive Vice President at South Atlantic Bank. “Through our partnership with FHLBank Atlanta, we are helping make homeownership a reality for families in our community.”

“When organizations like South Atlanta Bank and Habitat for Humanity join forces, the result is transformative for families and communities,” said Kirk Malmberg, President and CEO of FHLBank Atlanta. “We are proud that this grant from FHLBank Atlanta will support their efforts and the development of new, affordable single-family homes in Horry County, South Carolina.”

In addition, South Atlantic Bank and Habitat for Humanity of Horry County have formed a new partnership to expand homeownership opportunities for first-time buyers. Through this collaboration, South Atlantic Bank will provide fixed-rate mortgages to Habitat homebuyers. This initiative will allow Habitat to reinvest in building more homes for hardworking families in Horry County. South Atlantic Bank, deeply rooted in the communities it serves, is committed to ensuring that Horry County’s workforce has access to safe, attainable housing. By leveraging this partnership, Habitat can expand its impact and help more Horry County residents achieve the dream of homeownership.