SC H3750

Requires a minimum of 15% of land provided, discounted, or subsidized in economic development agreements to be designated for affordable housing development

Defines affordable housing as residential units where monthly costs do not exceed 30% of gross income for households earning up to 80% of area median income (AMI)

Mandates the Department of Commerce to calculate annual jobs-to-housing ratios in regions receiving economic incentives, ensuring the ratio does not exceed 1.5 jobs per housing permit

Requires affordable housing developments to be completed within five years of the economic development agreement; if land is unsuitable, equivalent funding must go to an affordable housing trust fund managed by SC Housing Finance and Development Authority

Establishes enforcement penalties including suspension of future incentives for noncompliant businesses and mandatory remediation plans; effective date is July 1, 2025