Williams Terrace, at Washington and Laurens streets near Union Pier, is a new affordable housing complex for senior citizens built by the Charleston Housing Authority using traditional financing. The Low Income Housing Tax Credit program hasn’t funded a new affordable housing project on the peninsula in 15 years. Wade Spees/Staff/File
It might seem like common sense. If there’s such a high demand for affordable housing, then shouldn’t developers be scrambling to supply it?
The Charleston region has become one of the most expensive places to live in the Southeast, and home prices continue to climb every month. People are moving to the outskirts of town seeking more affordable rents and mortgages, adding longer commutes to their jobs, doctors appointments and schools...Read More