The Sheridan Housing Action Committee (SHAC) was formed in September 2003 by a group of concerned citizens who recognized that most working families were being priced out of the local market. SHAC used the word "action" in the name because the group wanted to create systemic change and not simply talk about it or do another study to set on a shelf. Two years of research in best practices followed and the SHAC office officially opened in July 2006 with a single staff member.  As of August 2009, SHAC helped 57 families into homeownership, facilitated 4 new housing developments and 48 units of rental housing, and financially educated over 200 families. 

SHAC's philosophy is to enhance economic vitality by creating housing opportunities in partnership with the private sector and government. Our mission is affordable housing for working families. Housing development efforts by SHAC are concentrated in the core of the community and require mixed income design.  All participants are required to complete homebuyer education, individual financial counseling and provide a buy-in of 2% of the purchase price.

SHAC educates homebuyers, policy makers and the public about local housing challenges. Buyers who may not be ready to purchase a home can join the SHAC Homebuyer Club and matched savings program. SHAC finances with silent 2nd mortgages and down payment assistance. SHAC also builds homes and facilitates affordable housing development, through various local partnerships.

The SHAC Board of Directors is comprised of community experts in all areas of the housing industry. Current SHAC board members include; Mike Sager (Construction), Dixie See (Real Estate), Ross Langhorne (Finance), Kyle Williams (President) Mickey McNiickle (Finance), Mark Averett (Architect) and Gene Sturlin(Marketing/Construction), John Bigelow (City Council, non-voting) .