The Huddle at Sterling (Greenville Housing Fund + Sterling Land Trust)
$420K
CAPITAL DEPLOYED
180
units created
620+
people housed
2024
investment year
The Investment
The Huddle at Sterling is a $3.3 million affordable housing development in Greenville’s historic Sterling neighborhood, led by Greenville Housing Fund in partnership with Sterling Land Trust. The project will create 10 long-term affordable rental homes for households earning between 60% and 80% of Area Median Income, with tenant-based housing vouchers accepted. The homes will be built as five stacked duplexes on three parcels owned by Sterling Land Trust. Greenville Housing Fund
The structure is designed to protect affordability beyond the initial development period. Sterling Land Trust will continue to own the land in perpetuity, helping preserve community stewardship as housing pressures increase in the neighborhood. Rental proceeds will also be reinvested into community programming, allowing the development to contribute to the Sterling community beyond the individual households it serves. Greenville Housing Fund
In October 2026, five Abundance Angels recommended a combined $425,000 loan to support the project. The impact-first capital helps lower the project’s overall financing costs and provides greater flexibility during development and early operations.
The investment is part of a broader blended financing structure that includes public, private, and philanthropic partners. Greenville Housing Fund identifies the City of Greenville and CommunityWorks as financing partners, with additional support from Bank of America Charitable Foundation, Hollingsworth Funds, the Community Foundation of Greenville, and other philanthropic partners. Greenville Housing Fund
By pairing patient charitable capital with a community land trust model, The Huddle at Sterling supports more than the construction of new housing. The project helps preserve long-term affordability, strengthen neighborhood continuity, and keep land rooted in community stewardship as Greenville continues to grow.
Impact Metrics
SDG Alignment
Investment Details
About the Organization
Greenville Housing Fund is a nonprofit organization dedicated to expanding access to affordable housing and strengthening neighborhoods throughout Greenville County. Through creative financing, strategic partnerships, and community-centered development, the organization works to address local housing needs and create opportunities for long-term housing stability.
For The Huddle at Sterling, Greenville Housing Fund is partnering with Sterling Land Trust, a community-based organization committed to preserving affordable housing and neighborhood stewardship in Greenville’s historic Sterling community. By retaining ownership of the land, Sterling Land Trust helps protect long-term affordability while ensuring the neighborhood’s future remains connected to its history and residents.
Together, these organizations are advancing a development model that combines affordable housing, community ownership, and collaborative investment to create lasting opportunities for Greenville residents.