Information about the Application
Application deadlines occur twice a year on January 31 and July 31. When the application due date falls on a weekend or a holiday the application may be filed on the next business day. The Board reserves the right to change these dates upon notification and to make specific exemptions, as it deems necessary. The Board will meet quarterly to consider funding of the grant requests for the respective application periods. The Board may change the meeting dates upon notification.
In an effort to reduce costs and time in filling out the application for funding, the Bank has worked to make the initial phase of the application as simple as possible. If properly filled out, the application form should give the Bank enough information to decide whether to proceed further with your proposal. Applications must be submitted through the Online Application Portal and include the following documents:
- A copy of the letter of intent or purchase contract that reflects the transaction contemplated in this application. Otherwise, please describe the anticipated legal instrument to be used to memorialize the terms of the subject real estate transaction, and when such a document will be executed.
- A commitment to insure title to the real estate interests subject to this application. Note: Prior to the release of funds, the applicant must purchase a title insurance policy acceptable to SCCB in an amount not less than the Grant Award. Furthermore, the applicant must agree to reimburse the Bank its grant award on a pro-rata basis if a successful claim against title is perfected.
- A Preliminary Appraisal, which should include a brief description of comparable sales, if applicable, and analysis used to arrive at the value of the property interest subject to this application.
- Baseline Report Documentation or Land Management Plan, if available
- Photographs (two minimum)
- Maps and/or GIS Shapefiles
- Landowner Acknowledgement, signed
- Match Agreement, signed, if applicable
The South Carolina Conservation Bank Act requires that any conservation easement funded by the Bank must be held by an eligible trust fund recipient. For a complete list of qualified entities and contact information, please visit the Qualified Entities page.
Due Diligence Phase
Per the statutory requirements of the Conservation Bank Act, before Grant funds may be released, the Grantee must provide the Bank with the items listed below to the Bank’s satisfaction.
- A cover letter listing the final project details, a proposed closing date, and escrow agent information (vendor name, vendor number, and preferred mailing address);
- A formal appraisal of the property completed by an appraiser approved by the Bank, that lists the Bank as an intended user, and was prepared within 1 year prior to the submission of said document;
- A Phase One Environmental hazard assessment;
- A signed and executed contract;
- Title Insurance Commitment Letter;
- A management/financial resources plan or baseline documentation report (BDR) (including a description of how the property will be managed to protect the conservation values of the property);
- A signed copy of the Grant Agreement by the Grantee and, for conservation easements, also by the landowner;
- If applicable, a signed copy of a subordination agreement by a lender; and
- Any other data, acknowledgment, or documentation requested by the Board of Directors of the Bank.
Should the information provided by the above items be in substantial conflict with the information provided in the application the SC Conservation Bank has the right to cancel the grant request and re-prioritize other proposals.
We appreciate your interest and commitment to conservation and look forward to working with you to keep South Carolina a special place. If we can be of any help in this process or if you need additional information, please feel free to contact us.