CHARLESTON, SC (WCSC) – The Charleston Redevelopment Corporation said it wants the community to know that it is actively preserving and building affordable housing in the Lowcountry, and today it has that opportunity.
At Wednesday afternoon’s planning commission meeting, they will present the efforts they have made to increase the supply of affordable housing in Charleston over the past two years.
The CEO of the Charleston Redevelopment Corporation, FA Johnson, said the city’s planning commission reached out to understand what was happening in the community and for an update on ongoing projects.
Over the past two years, Johnson said the Redevelopment Corporation has preserved 84 units across the city to ensure they remain affordable.
He said they have also committed $17 million to affordable housing projects, including the Bull’s Creek project which recently got underway, with three additional projects underway.
He said they want to offer home ownership opportunities, in addition to multi-family options. They are currently financing two subdivision projects in West Ashley.
Overall, Johnson said affordable housing efforts are critical and everyone deserves to be able to afford to live where they work, regardless of the booming economy.
“Charleston is blessed with having a strong market, strong economy and strong housing, but it also puts a lot of pressure to make sure there are housing options for everyone,” said Johnson.
Johnson said he was delighted to be able to update the public on these efforts across the city.
This presentation will take place at 4:30 p.m., just before the meeting of the planning committee.
It will be broadcast live on the City of Charleston YouTube Channel.
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