A housing development in Cranberry Township, Pa., is shown on Friday, March 29, 2024. On Thursday, April 18, 2024, the National Association of Realtors reports on existing home sales for March. (AP Photo/Gene J. Puskar)
CHARLESTON COUNTY, S.C. (WCBD) – Charleston County has voted to put over five million dollars towards building affordable housing throughout the county.
On Thursday, the Charleston County Finance Committee voted to allocate $5.8 million toward the production of 317 affordable housing units.
Charleston County Councilwoman Jenny Costa Honeycutt says this is a part of the Gap Financing and Infill Development Program funded by the American Rescue Plan Act.
She said various community partners applied for the grant funding, and projects can be awarded between $500,000 and $1 million.
Councilwoman Honeycutt told News 2 that the county is in the process of addressing the affordable housing needs laid out in the “Housing Our Future Plan.”
“This is one of the tools that we have in that toolbox using these ARPA funds to close the gap where financing either by state legislation changes or some other mechanism has not been able to fill the project need,” Honeycutt said. “And so we can come in and provide that additional resource so that the project can get done.”
The allocation will go before the county council next Tuesday for approval.
