BUILDING WEALTH ONE COMMUNITY AT A TIME

The South Carolina Association for Community Economic DevelopmentWELCOME TO SCACED

MissionThrough our network of members and partner organizations, the South Carolina Association for Community Economic Development (SCACED) strives to improve the quality of life for low wealth families and communities by advancing the community economic development industry in South Carolina. SCACED achieves this through capacity building and attracting public-private investment to local community economic development organizations, as well as influencing the public policy process in South Carolina.

2014 Board of DirectorsJohn Whittleton, Esq., Chairman Nate Barber, Vice Chairman - South State BankJohn Stokes, Secretary - BB&TDon Oglesby, Treasurer - Homes of HopeClifford Bush, III, Esq. - Law Offices of Clifford Bush, IIIEvelyn Coker - Blackville CDCDr. James Coleman - Wateree Community Actions, Inc.Matt Giddens - SunTrust BankKristi King-Brock - Anderson Interfaith MinistriesDeborah Livingston - City of Columbia Community DevelopmentMichelle Mapp - South Carolina Community Loan FundDeborah McKetty - CommunityWorks CarolinaRobert Thomas - SC Regional Housing Authority #3

StaffBernie Mazyck, President & CEOKate Pratt, Vice President of OperationsLowell Atkinson, Program DirectorDeAnn Glover, Membership and Marketing CoordinatorBrittany Wallace, Resource Development Coordinator

FROM OUR PRESIDENT AND CHAIRMANGreetings Members, Partners, Funders and Friends,

The year 2014 was a defining year for SCACED and for the Community Economic Development (CED) movement in South Carolina. All our programs and outcomes aligned to tell a remarkable story that defined CED in a clear and unmistakable way.

January of 2014 ushered in the 20th year of South Carolina’s CED movement. With a commitment to creating opportunities for economically-challenged individuals and communities, the CED movement matured into an industry with an economic impact exceeding $200 million. The Board of Directors and Staff of the SC Association of Community Development Corporations (the former name of the organization) recognized that our members, partners and funders had expanded beyond just Community Development Corporations (CDCs) catalyzing a rebranding effort and name change to better reflect the true composition of the industry: SC Association for Community Economic Development (SCACED).

In 2014 across all program areas, SCACED and our members exceeded expectations:

• SCACED assumed the role of administrator of the SC Community Development Tax Credit program – an important shift that has

provided greater accountability and transparency and increased investor confidence. In 2014, individual and corporate tax payers in South

Carolina utilized the CD Tax Credit to invest over $1.7 million in eight different certified CDCs and CDFIs.

• The Legislature passed and Gov. Nikki Haley signed the SC Microenterprise Development Act, authorizing state resources to

support the creation or expansion of microenterprises. SCACED was named the administrator of this program by The Secretary of

Commerce.

• 187 Individual Development Account (IDA) holders saved and matched their funds to leverage over $6.6 million in economic impact.

• Six CED Fund awardees created or retained 152 jobs in under-capitalized communities.

SCACED has achieved a milestone of 20 years of service and our members have created a better quality of life for South Carolinians. We now embark upon our next 20 years with a new name, an expanded vision, and a belief that South Carolina can be a place of opportunity for everyone. As you review our accomplishments of 2014, we hope you will join us in the OpportunitySC movement: helping others Build, Grow, and Own.

Sincerely,

John H. Whittleton, Esq. Bernie MazyckChairman, SCACED Board of Directors President & Chief Executive Office

Homes of Hope - Greenville, SCSCACED MEMBER SPOTLIGHTS

Homes of Hope - Investing in Homeownership

“Homes of Hope has been such a miracle in my life. I was once married and had a beautiful home. Then I found out my husband was addicted to drugs and before we knew it, we were in the process of losing it all. I packed up my girls and I and we had to leave. I was suddenly a single mother of two girls that had no place to go. I wanted a nice home for my girls but could not afford even a one-bedroom apartment. I thought I would never have the opportunity to have a house again. When I went through that situation with my husband and decided to leave I thought I would never have the opportunity to have a house again. I thought I’d be in an apartment for the rest of my life, living paycheck to paycheck, never owning anything. When we drove off I looked back and thought, “there goes my dreams, there goes everything I ever wanted. It’s gone. But Homes of Hope gave me a home again; they gave me my dream back.

From the moment I stepped foot inside the Homes of Hope office I was greeted with smiles. I have never before been treated with such kindness. It was exciting seeing the house being built and coming in on the final day knowing it would be my home. We were so thankful. Not only do we have a place to live, we have a yard, a front porch and our very own mailbox. These things to me are priceless. What’s even better is that we got a LoCAL home, which is energy efficient. I have a power and a water bill that I can afford. This makes living even more affordable.

We feel so blessed to be a part of the Homes of Hope family. I really look forward to our future in our new home. I feel safe and secure knowing that I have Homes of Hope on my side. They have truly given my girls and me the best gift ever.” A Grateful Mother

Homes of Hope - Greenville, SC

SCACED MEMBER SPOTLIGHTSSCACED MEMBER SPOTLIGHTS

Metanoia - Charleston, SC

Michael started coming to Metanoia in third grade, and was among Metanoia’s second class of graduating seniors.

SCACED & Metanoia - Investing in Education

Last year, Michael became the first person in his family to graduate high school. In 2014, the Greg Mathis Charter School Valedictorian was accepted to the Universal Technical Institute near Charlotte, North Carolina. Michael’s education was financed in part by his participation in SCACED’s Individual Development Account (IDA) Program. Michael credits his success to his time in Metanoia’s Youth Leadership Academy where students, recommended by their teachers for showing leadership potential, spend every day after school at Metanoia where they receive focused homework tutoring, a healthy meal, financial literacy and entrepreneurship training. “It’s fun and it teaches character, excellence, and how to be an entrepreneur,” says Michael of his experience with Metanoia. “It was empowering for me to see how to run a business and make it successful.” The entrepreneurship training is part of Metanoia’s Youth Entrepreneurship Center funded in part by a SC Community Economic Development Fund grant that SCACED manages in partnership with the SC Department of Commerce. The money Michael earned was saved in his IDA account and was matched by SCACED 3:1.

Michael dreams of one day moving back to the Chicora-Cherokee neighborhood of North Charleston and starting his own car repair business.

SCACED MEMBER SPOTLIGHTSSCACED MEMBER SPOTLIGHTS

New America - Orangeburg, SC

SCACED & New America - Investing In Business

When Stephanie Hall, owner of Ruth’s House Rentals could not obtain traditional financing to expand her business, she turned to New America a Community Development Corporation in Orangeburg, SC. New America was able to provide business mentoring and enroll her in the SC Individual Development Account Program funded by SCACED. Upon completing financial literacy training, a business plan and saving $1,000 SCACED was able to match her savings with $3,000. In addition to the IDA financing, New America was able to provide a microloan from their Revolving Loan Fund to further capitalize her business.

“The training I received was a crucial part of my journey because it helped me to formulate strategies for handling various scenarios that surface in business,” says Hall. “One of our challenges was continuous funding. We have to constantly add to our inventory as well as replace worn equipment. The combination of IDA funding and the microloan allowed me to capitalize our business, expand our inventory and secure future financial plans.”

Now located in Local Works in Charleston, Ruth’s House Event Rentals is a full service event rental company providing event rentals such as tents and tables for all types of affairs including weddings, corporate functions and backyard barbeques.

“The infusion of capital afforded my business the opportunity to expand on a long term contract with a global company building a campus in Charleston, SC. This type of long-term contract has allowed us to increase our cash flow and grow our business with an expanded inventory to offer our clients.”

NEW PROGRAMS LAUNCHED

Healthy Food Access Initiative - SCACED works to increase access to healthy foods for underserved communities through a 3 pronged approach driven by data:

Microenterprise Program - The Microenterprise Partnership Program was created in 2014 to ensure that South Carolina’s microenterprises have the capacity to create jobs, enhance entrepreneurial skills and abilities and increase the capacity of low-income households to become self-sufficient. The program, initially funded by the SC Department of Commerce, will provide capital to microentrepreneurs in underserved areas of the state through a competitive grant program and deliver development services to help establish or expand microbusinesses.

• Data: SCACED served on the Steering Committee of the South Carolina Food Access Task Force and acted as a contributor to the final report entitled “Access to Healthy Food in South Carolina” which lays out recommendations to improve Healthy Food Access.• Training: In partnership with the Charleston District of the United Methodist Church and various resource partners, SCACED coordinates the “Faith & Food Justice Summits” providing church and community leaders with the knowledge and resources to develop community gardens in their respective communities to address challenges of food deserts.• Technical Assistance: In partnership with the USDA, SCACED provides low-income communities with the resources and knowledge to start community gardens providing access to healthy food and reducing health disparities among low-wealth individuals.

OUR PROGRAMSSouth Carolina Energy Saves - Made possible through a grant from the Emily Hall Tremaine Foundation, the Association has embarked on its SC Energy Saves Program to expand residential energy efficiency among underserved communities across the state through visibility efforts and knowledge marketing, strategic partnerships, direct advocacy and access to capital. The goal of the Program includes increasing energy savings for low to moderate income families by reducing energy costs and creating new jobs through a community-based energy efficiency retrofit strategy. Through our partnership with the Tremaine Foundation, SCACED published five op-ed pieces on energy efficiency and coordinated twelve educational forums where the benefits of energy efficiency or clean energy was a critical component.

Individual Development Account (IDA) - A 3:1 matched savings program that enables participants that meet income eligibility guidelines an opportunity to start a business, buy a home, or attend a college or university. Participants save up to $1,000 and are matched with an additional $3,000 while attending financial literacy and asset based training. This program is offered through 10 member organizations across South Carolina.

Community Impact Fund (CIF) - Made possible through generous funding from the Mary Reynolds Babcock Foundation, the purpose of the Community Impact Fund Grant Program is to make available grants for member organizations to fund capacity building initiatives, facilitate development of commercial, affordable housing or other economic development projects. Eligible applicants must be an active SCACED member, an established 501(c) 3 organization with an active board management process, financial statements and have been engaged in the provision of community economic development projects.

OUR PROGRAMSOUR PROGRAMSSC Community Economic Development Certification Program - Through our partnership with the SC Department of Commerce, SCACED coordinates the certification process for community based organizations wishing to earn their designation as a certified Community Development Corporation (CDC) or a certified Community Development Financial Institution (CDFI). Certification is non-competitive but involves a three-phased review of the organization’s capacity and demonstrated ability to execute community and economic development projects, programs, and activities in South Carolina. Currently, we manage the certification of twenty-two CDCs and CDFIs that collectively impact all 46 counties in the state, and we accept new applicants on an ongoing basis.

SC Community Economic Development (CED) Fund - The South Carolina Community Economic Development (CED) Fund grant program was created by the SC General Assembly in 2000 to support certified Community Development Corporations (CDC) and certified Community Development Financial Institutions (CDFI) projects that create small and micro businesses, develop commercial opportunities in underserved/rural communities and create jobs for low-to-moderate income persons. Projects funded with an appropriation by the S.C. General Assembly in the 2013 State Budget leveraged $360,000 in state funds with $14.1 million in collective economic impact and created 152 jobs in South Carolina’s rural and economically challenged communities.

SCACED supported the Monarch Café and Fresh Food Store with an $88,000 grant from the SC Community Economic Development (CED) Fund

2014 CONFERECE - CHARLESTON, SC

The Annual Community Economic Development Conference has become a benchmark for the communityeconomic development industry in this state and a collaborative forum where practitioners, partners, funders and policymakers interact and focus their collective energy on the current housing and economic development needs facing our underserved communities. The 2014 CED Conference included a host of informative Keynote Speakers including the Congressman James Clyburn, Senator Marlon Kimpson and Dr. Henry Tisdale, President of Claflin University as well as a variety of workshops regarding community economic development.

SCACED’s 20th Anniversary Gala More than 250 guests attended the celebration including past and present board members of SCACED, members of the Association, elected officials and several of the organizations funders and sponsors. During this special and monumental event, SCACED’s President and CEO Bernie Mazyck was surprised by S.C. Governor Nikki R. Haley presenting him with the Order of the Palmetto. “Your work with the South Carolina Association of Community Development Corporations and your service to aid the state’s economically distressed communities demonstrates your dedication to the betterment of South Carolina,” Governor Haley stated. “As founding President of the Association I am honored to accept this on behalf of all our members, partners and friends working tirelessly to alleviate poverty in this state and bring economic opportunity to all residents,” said Mazyck. “This recognition is for the entire community economic development industry in South Carolina and its successes over the past 20 years!”

2014 Community Economic Development Conference

2014 CONFERECE - CHARLESTON, SC

Special thanks to Deborah Livingston, Gala Committee Chair, for her

leadership and dedication in planning the 20th Anniversary Gala!

20th Anniversary Gala

2014 POLICY WINS

Microenterprise Development Act - In 2014, SCACED joined a number of partnering organizations to advocate for the passage of the SC Microenterprise Development Act. In June of 2014, the South Carolina General Assembly passed and Governor Nikki Haley signed the legislation into law providing state support to microenterprises to assist with start-up and expansion of businesses with 5 employees or less. SC Solar Act - SCACED also advocated for the passage of legislation critical to the expansion of clean energy in South Carolina. The Distributed Energy Resource Program Act became law in 2014 and gives South Carolina homeowners greater access to solar energy.

“SCACED is a forward thinking organization with the capacity and commitment to advocate for low-wealth communities and for the State of South Carolina. Through the years, their leadership has helped shape the evolution of CDCs and economic development. SCACED is a tremendous asset to our community and a key partner to BB&T.” John Stokes, BB&T

2015 POLICY AGENDA

Reauthorization of the SC Community Economic Development (CED) Act

In 2000, the South Carolina Community Economic Development Act was enacted by the SC General Assembly to support community-based organizations known as Community Development Corporations (CDCs) and Community Development Financial Institutions (CDFIs). It was reauthorized by the General Assembly in 2010 and extended to 2015. The Act authorizes the state to provide $5 million in state appropriated dollars to certified CDCs and certified CDFIs, and $5 million in state tax credits that a state tax payer can take for investments in a certified CDC or certified CDFI.

The SC Community Development Tax Credit Component of the CED Act provides investors in certified CDCs and certified CDFIs a 33% credit against their state tax liability. This investment tool has attracted over $5 million in private capital into under-served communities in South Carolina.

• SCACED requests the General Assembly to reauthorize the SC CED Act through 2020. • Additionally, SCACED requests the SC General Assembly to appropriate the remaining $2.2 million authorized under the SC Community Economic Development Act of 2000.

Earned Income Tax Credit

In 2011, the Brookings Institute reported that the Federal EITC kept 6.5 million people out of poverty including 3.3 million children. For that same time period in SC, the Federal EITC kept 87,388 people out of poverty including 48,037 children. SCACED requests the S.C. General Assembly create a State Earned Income Tax Credit (EITC):

•Working families would qualify for a SC EITC equal to 20% of the federal EITC. •Working families would get the full value of the SC EITC even if it exceeds their state tax liability.

OUR ECONOMIC IMPACT

Economic Impact of $6,673,962

State Investment of $300,000

Federal Investment of $300,000

$600,000 in state and federal funds created an economic impact of $6,673,962 representing a leverage of 11 to 1

Total Economic Impact of SC IDA Program

Total Impact of 2013 Community Economic Development Fund Program

6 Grant AwardsTotaling $360,000

Jobs Created/Retained152

Businesses Created/Expanded60

Individuals Receiving Training149

$360,000 in state funds created an economic impact of $14.1 million representing a leverage of 39 to 1

CD Tax Credit Usage 2001-2014

SCACED Member Asset Growth 2011- 2013

Represents a 33% Increase in Assets

$1,669,888 in Tax Credit Resulted in $5,060,267 in Investment in Underserved Areas in South Carolina

FINANCIAL SUMMARY

Revenue, gains and support........................................$782,454Expenses.....................................................................$764,862

REVENUEGrant Income.............................................................. $463,867Contributions.............................................................. $130,875In Kind............................................................................$3,577Earned Revenue Membership Dues...............................................$23,415 Sponsorship.........................................................$53,565 Special Events.....................................................$39,412 Contract Income..................................................$67,743 Total Earned Revenue.......................................$184,135

EXPENSES Programs............................................................$650,133 Management........................................................$76,486 Fundraising..........................................................$38,243

85% OF ALL INCOME

GOES DIRECTLY TO

OUR PROGRAMS!ACCORDING TO THE

2013 AUDITED FINANCIALS

2014 Revenue

2014 Expenses

SCACED Unaudited Financials December 31, 2014

501 (c) 3 MEMBERS

30901 Development CorporationAllen Temple CED CorporationAllendale County ALIVE, Inc.Anderson Interfaith Ministries

Benedict-Allen CDCBlackville CDC

Brown Chapel CDCButterfly Foundation

CDC of Marlboro CountyCenter for Heirs Property Preservation

Columbia Housing Development CorporationCommunity Assistance Provider

Community Development and Improvement CorporationCommunityWorks Carolina

Dunton United Methodist ChurchEast Cooper Community Outreach

Eau Claire Development CorporationEmpowerment Zone

Genesis HomesHealthy Greenwood Neighborhoods, Inc.

Homes of HopeHousing Advocate of the Carolinas

Increasing H.O.P.E.Innovative Rural Development Corporation

Jasper County Neighbors United, Inc.Lake City Development Corporation

Lowcountry Community Action Agency, Inc.Marion County Collaborative Action Network

Metanoia CDCMidlands CDC

Nehemiah Community Revitalization Corporation

New America CorporationNew Life Impact Ministries

Northside Development GroupOsprey Village

Resurrected Life Ministry In Jesus Christ, Inc.Rural Development Foundation

Santee-Lynches Affordable Housing and CDCSea Island Community Development Fund Corp.

Sewee to Santee CDC Soteria CDC

South Carolina Coastal CDCSouth Carolina Community Loan Fund

South Carolina Uplift Community OutreachSoutheastern Housing FoundationSouthern Carolina Regional CDC

Sumter County CDCSumter Rural CDC

Telamon CorporationUnited Way of Greenville CountyWateree Community Actions, Inc.

“In Greenville, we have seen the positive role that organizations like CommunityWorks Carolina, Genesis Homes, Soteria CDC and Homes of Hope have played to further community economic development, enhance quality of life and foster stronger neighborhoods. SCACED’s support of the non-profit organizations working in our neighborhoods ensures that the neighborhoods continue to sustain a reservoir of quality affordable housing and economic development initiatives to support the City’s goal that Greenville’s neighborhoods remain healthy and thriving places for families to live, work and play.” Mayor Knox H. White

SC CERTIFIED CDC’S & CDFI’S

DONOR APPRECIATION$10,000+

Branch Bank & TrustMary Reynolds Babcock Foundation

NeighborWorks AmericaPNC Bank

TD Charitable FoundationThe Bank of America Charitable Foundation

The Emily Hall Tremaine FoundationUS Department of Health and Human Services

Wells Fargo

$5,000 - $9,999First Citizens

Gaylord and Dorothy Donnelley FoundationSouth Carolina State Housing Finance and Development Authority

South State BankSunTrust Foundation

$2,500-$4,999*Glaser DuncanSantee Cooper

$1,000 - $2,499City of CharlestonCity of Columbia

Corporation for Enterprise DevelopmentGreystar

Homes of HopeRoper St. Francis

The Beach Company*The Federal Reserve Bank of Richmond

*Denotes Gifts-In-Kind

$50 - $999Anderson Federal Credit Union

Arthur JonesBanco Bannister CoCity of Greenville

Colonial LifeDeborah Livingston

Deborah LongDeborah McKetty

Don OglesbyElizabeth Colbert-Busch

Elizabeth SantagatiEmory Langston

Erin Hardwick-PateEvelyn Coker

Floyd R. Davis, Jr.Greenville County Redevelopment Authority

John and Angela StokesJohn Whittleton

Keith & Donna WarringKristi King-Brock

Lexington County Community DevelopmentMatt Giddens

McDee’s ConstructionMichelle Mapp

Nate BarberOrangeburg Area Small Business Development Center

Richland County Community DevelopmentRobert Thomas

Security Federal BankSquire Pope Mobile Home Park

Tracy Marye

The South Carolina Association for Community Economic Development has many new exciting developments happening in 2015! First, we have reconstructed our membership program with exciting new benefits to allow individuals and businesses to become members of SCACED. Next, SCACED is launching its first annual campaign, OpportunitySC Build Grow Own!

In 2015, South Carolina finds itself with a network of certified community-based development and financial organizations with the capacity to work with individuals, families and communities to build wealth and create jobs. Our Build Grow Own Campaign was created to promote our programs that were designed to give low-wealth individuals living in urban and rural areas the opportunity to improve their lives and the communities in which they live.

We encourage you to become a member of SCACED by making a contribution towards the Annual Campaign. By becoming a member, your support will enable SCACED to continue vital programs such as IDA and Microenterprise programs. Your donation will give someone the opportunity to build a new life for themselves and for their families.

2015 ANNUAL CAMPAIGN

Our goal is to raise $200,000 - Join us in the OpportunitySC movement: helping others Build, Grow, Own. You can donate by either logging on to our website at www.scaced.org, or contact our Resource Develoment Coordinator at 843.579.9855.

Cover Photo Credit: Homes of Hope - Greenville, SC

facebook.com/sc4ced twitter.com/@sc4ced

PO Box 20577 Charleston, SC 29413 T: 843.579.9855 F: 843.579.0232www.scaced.org

“SCACED continues to be a key partner in helping the Mary

Reynolds Babcock Foundation achieve it’s mission of helping to

move people and places out of poverty. We (the foundation) rely on

SCACED’s leadership and the strength of their members to advance

economic opportunity for all across the state.”

Lavastian Glenn, Mary Reynolds Babcock Foundation