Support Us Button Widget
Sponsored Content

New $50M fund aims to preserve affordable housing

Sponsored by
An image of apartment housing and a playground.

This initiative will help keep apartment rents stable for qualifying local residents.

Photo provided by Charleston Regional Development Alliance

The Tri-County region is taking action to protect affordable housing. How? On Tuesday, Sept. 23, the Charleston Regional Development Alliance officially launched the $50 million Charleston Workforce Housing Fund.

The goal: to preserve 1,000 apartments across the tri-county area and keep them affordable for working families earning 30-100% of the area’s median income.

By partnering with private investors, the fund helps essential workers (think: teachers, nurses, and hospitality employees) to continue to live + thrive here.

More details this way

More from CHStoday
The Swedish car company is celebrating 70 years, and it has sold more than 5 million cars in the US.
The annual festival will be back on Saturday, Oct. 25, at Riverfront Park in North Charleston. The Charleston Beer Fest will offer tastings from 75+ breweries, live music, and a variety of local vendors.
Bookmark this guide for a curated list of events taking place each month that we’re most looking forward to.
The acclaimed Filipino restaurant, Kultura, will expand its operations to a larger space on Rutledge Avenue, just a few blocks away from its original Spring Street spot.
The new coastal Italian concept is set to open in the Cannonborough-Elliotborough neighborhood, offering rooftop dining, all-day coffee, and gelato.
Use this list to see if you can spot the Lowcountry scenes featured in movies and TV shows filmed around town.
We crunched the numbers for you.
Courier Square is a mixed-use Planned Urban Development project that aims to provide new housing, retail, and office space to upper King Street.
The market is a Park Circle favorite serving everything from breakfast and wines to unique gifts, all while supporting local brands.
Make your voice heard, nominate your favorite local biz and they could win CHStoday’s Best Competition.