$STHC SouthCorp Capital, Inc. (STHC) announces that the Company has begun developing a site plan for a 30+ apartment complex on its 1.4 acres parcel located in Indiana. The development of the site plan is part of the Company’s plan to have 500 apartments in the next 3 years.
The Company’s apartments will conform to the requirements of various government housing programs including those under the Department of Housing and Urban Development. By obtaining government housing residents, the Company will receive rent payments directly from the government without the need to obtain rent from the residents.
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