Conway, South Carolina (May 26, 2022) – Horry County officials announced today that the first homes in the Socastee Buyout Program have completed the closing process.
As of today, three homes have completed the closing process and another ten properties are scheduled to close in the coming weeks. Additional properties are still a part of the program and moving forward toward closing, and another round of buyouts for properties in the area will be held later this year.
After the properties have closed, the County will demolish the structures and the land will be returned to open green space. Any consideration of the spaces for future parks, etc. will be finalized after this program and any subsequent programs and phases have been completed.
Director of Community Development Beth Tranter said, “This is a tremendous moment for the program, and while we know there is still much more work to be done, we are pleased to see progress. I am grateful to the members of the Socastee community for their continued patience and perseverance through this process.”
Please note, out of respect for the privacy of these residents, Horry County will not provide any personally identifying information about participants in the buyout program.
The Socastee Buyout Program is funded primarily through Community Development Block Grant Mitigation funding and administered in partnership with the South Carolina Office of Resilience.