Greenville, SC, October 8, 2025
News Summary
NOAH Property Management is addressing the affordable housing crisis in Upstate SC by providing low deposit fees and flexible rent payments. Established in 2023, it aims to ensure community well-being and stability for essential service workers amidst rising housing costs. With a focus on Natural Occurring Affordable Housing, NOAH is making strides in transforming communities and supporting local families in need.
Greenville, SC – NOAH Property Management is making significant strides in addressing the affordable housing crisis in the Upstate by focusing on community well-being and stability. Established in 2023, the company is founded on the principle of Natural Occurring Affordable Housing, managed by co-founder and CEO Matt Foster, who oversees 3,500 residents across 2,800 apartments in towns such as Mauldin, Easley, Anderson, Spartanburg, and Pacolet.
NOAH Property Management was created to manage revitalized properties bought and renovated by Affordable Upstate, a real estate investment firm. This organization collaborates with investors, lenders, and nonprofit organizations to transform deteriorating apartment communities into energy-efficient, affordable housing options. With a mission to make living costs manageable, NOAH distinguishes itself from traditional management companies by advocating for affordable rents for working families while maintaining high safety and upkeep standards.
One of the ways NOAH supports its residents is by charging only $31 for deposit fees, which is considerably lower than the common first-and-last-month’s rent requirement that often serves as a financial barrier for potential renters. Furthermore, residents are given the flexibility to split their rent payments, mitigating the financial strain many feel, especially in light of the sharp rise in rental prices.
The average rent for a one-bedroom apartment in Greenville currently stands at $1,573 per month, marking a 31% increase over the last three years. As housing costs continue to climb, many residents, including essential service workers such as teachers and police officers, find it increasingly difficult to afford rent in their communities.
With eviction rates on the rise, Greenville County currently ranks second for the highest eviction proceedings among 10 states and 34 cities assessed by the Eviction Lab. The leadership at NOAH underscores the crucial role of stable housing for community service workers, alongside a broader advocacy for elevating the discourse on affordable housing.
In addition to NOAH Property Management’s efforts, other initiatives are emerging to combat the affordable housing challenge. The Hispanic Chamber of Commerce, where Matt Foster serves as Vice-Chair, seeks to empower entrepreneurs from diverse backgrounds and provide guidance in navigating the business landscape. Additionally, The Gallo Co. is working on converting the historic Emmanuel Baptist Church in Greenville into affordable multifamily housing, effectively blending preservation with modern residential opportunities.
To further address the housing dilemma, the city of Greenville is investing approximately $1 million to acquire four homes in the Haynie-Sirrine neighborhood as part of a long-term strategy to manage housing costs amid encroaching gentrification. The Greenville Housing Authority is also rolling out a Moving to Work (MTW) program, which offers low-income families more than just housing vouchers, focusing instead on education, job training, and financial coaching to create sustainable pathways out of poverty. The MTW program aims to assist over 1,700 households with financial incentives as they strive toward employment, homeownership, or further education.
Local leaders stress the need for integrated support systems that can break the cycle of poverty and effectively address community housing needs. By aligning resources and elevating the conversation around affordable housing, stakeholders hope to foster a more inclusive environment that supports the essential workforce in the area.
FAQ
What is NOAH Property Management?
NOAH Property Management is an organization established in 2023 that manages properties renovated by Affordable Upstate to provide affordable housing solutions in multiple towns across Upstate SC.
How many residents does NOAH Property Management serve?
NOAH Property Management serves 3,500 residents across 2,800 apartments.
What is the average rent for a one-bedroom apartment in Greenville?
The average rent for a one-bedroom apartment in Greenville is $1,573 per month.
What does the MTW program provide?
The Moving to Work (MTW) program focuses on providing low-income families with support that includes education, job training, and financial coaching.
What is the deposit fee charged by NOAH Property Management?
NOAH Property Management charges a deposit fee of only $31.
Key Features of NOAH Property Management
| Feature | Description |
|---|---|
| Established | 2023 |
| Residents Managed | 3,500 |
| Apartments Managed | 2,800 |
| Deposit Fee | $31 |
| Average Rent (1-bedroom) | $1,573 per month |
| Eviction Rate Rank | Second-highest in tracked states and cities |
| MTW Program Households Served | 1,700+ |
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Additional Resources
- Greenville Online: Affordable Housing Costs for Upstate SC Heroes
- Upstate Business Journal: Historic Greenville Church Conversion
- The Post and Courier: Greenville Council Affordable Housing Initiative
- WITN: Greenville Affordable Housing Initiative Launch
- Fox Carolina: Greenville’s New Approach to Affordable Housing
- Wikipedia: Affordable Housing
- Google Search: Affordable Housing Greenville SC
- Google Scholar: Affordable Housing
- Encyclopedia Britannica: Affordable Housing
- Google News: Greenville Affordable Housing
Author: STAFF HERE GREENVILLE
The HERE Greenville Staff Writers are a collaborative team of journalists, editors, and local contributors passionate about delivering accurate, timely information to the Greenville community. As part of the HEREcity.com Network, which powers over 100 U.S. city sites including HEREcolumbia.com, our staff draws on collective experience in South Carolina journalism to cover everything from business sales and real estate developments to dining deals and community initiatives. Our Expertise and Background Local Roots in Greenville Our team includes lifelong Greenville residents and SC natives with deep knowledge of the area’s history, economy, and culture. We’ve covered key events like the recent sales in the Heritage Historic District 17 , Greenville’s textile and railroad heritage 2 , and growth in local education sectors (e.g., Greenville Technical College programs) 27 . Collective Experience With over 50 combined years in journalism, our staff has backgrounds in print, digital media, and community reporting. We prioritize fact-based stories, drawing from sources like the Greenville Chamber of Commerce, city government records, and on-the-ground interviews. Commitment to Quality Every article is a group effort, involving research, editing, and verification to ensure reliability. We adhere to journalistic standards, citing credible sources and updating content as new details emerge.
