South Carolina $11.5M Charleston Deal Shifts Plans
Impact on Affordable Housing Initiatives While Charleston grapples with a severe affordable housing shortage, new initiatives are poised to alter the cityscape dramatically. The city targets constructing 3,500 affordable housing units by 2030. This is a marked increase from past outputs, underscoring a significant commitment to addressing community needs. The growing popularity of community-centric living models is promoting innovative solutions that align with tenant preferences for affordability and flexibility. As of early 2024, 178 units have been completed, signaling progress but highlighting the need for continued momentum. James Lewis Jr. Apartments recently celebrated its completion, showcasing Charleston's dedication to developing affordable housing for those earning 60% or below the area's median income. Charleston County's efforts also include the Affordable Housing Land Acquisition Grant program. This supports land purchases essential for development. Communit...