Skip to main content
Return to Portfolio
Housing & Stability

Union House

Union House was a Greenville co-living housing concept providing purpose-built shared homes designed for workforce residents at approximately 80 percent of Area Median Income.
Equity
SDG 10 | SDG 11
Greenville, South Carolina

$420K

deployed
CAPITAL DEPLOYED

180

units
units created

620+

people
people housed

2024

year
investment year

The Investment

Greenville, SC, has grown quickly, but affordable housing options for the workforce that keeps the city running have not kept pace. Teachers, healthcare workers, hospitality employees, and public servants increasingly face rising housing costs and limited housing options near where they work. Union House was created to address that challenge. The concept centered on purpose-built co-living homes designed specifically for roommate living. The model offered private suites, shared common spaces, and all-inclusive rents at a price point accessible to residents earning approximately 80 percent of Area Median Income. In September 2022, Abundance Angels recommended a $75,000 equity investment to support construction of the first Union House development in Greenville’s North Main neighborhood.

Impact Metrics

180 units

Affordable housing units created and preserved

620+ residents

Low-income residents housed with stable, affordable rent

$2.1M leveraged

Additional capital mobilized from public and philanthropic sources

SDG Alignment

10
SDG 10: Reduced Inequalities
11
SDG 11: Sustainable Cities and Communities

Investment Details

Type
Equity
Amount
$75,000
Impact Pillar
Housing & Stability
Status
Deployed
Location
Greenville, South Carolina

About the Organization

Union House was a Greenville, SC co-living housing concept designed to address the workforce housing gap by providing purpose-built homes with private suites, shared common spaces, and all-inclusive rents accessible to residents earning approximately 80 percent of Area Median Income.

Support Investments Like This
Open an Angel Fund to deploy capital into afforadable housing, healthcare, technology and other investments aligned with our impact pillars.

Stay Connected

Stories from the communities we serve delivered to your inbox.

Abundance Capital

Building stronger, more prosperous communities by stretching the impact of philanthropy through impact-first investments.

Organization

© 2026 Abundance Capital. All rights reserved.