Charleston Redevelopment Corporation Announces 2nd Phase of Affordable Housing Land Acquisition Grant Program

Charleston County, Charleston Redevelopment Corporation launch 2nd Round of Affordable Housing Land Acquisition Grants to support creation of affordable housing

Charleston County and Charleston Redevelopment Corporation leaders announced that the 2nd Round of Affordable Housing Land Acquisition grants are now available. The announcement was made at the Canopy on Ashley apartments, a former market-rate property in North Charleston. A first round award facilitated its successful renovation and transition to attainable housing.

First launched in August 2024 in partnership with CRC, the Affordable Housing Land Acquisition Grant Program is designed to secure land for affordable housing initiatives throughout the county.

Following a rigorous application and review process, first round grant recipients included Canopy on Ashley ($500,000), Murray Hill/Accabee Scattered Site Development ($250,000), and East Cooper Tower Drive Site ($350.000).

Non-profit and for-profit organizations with experience developing affordable housing are invited to apply for this round of land acquisition grants, which will support a variety of infill and multifamily rental and homeownership opportunities in Charleston County. The Full RFA can be viewed here.

Maximum awards will vary based on project specifications but are intended not to exceed $250,000 for infill projects and $500,000 for multifamily projects. In total, Charleston County Council has allocated $2,500,000 for land acquisition as part of the pilot program. $1,400,000 is available for the current application cycle.

The initial submission deadline is 12 p.m., June 23, 2025 with rolling applications being accepted after that date until all funding is committed. All funded projects must execute a contractual agreement agreeing to a minimum 20-year affordability period.

For more information about the program and its requirements, please click here or contact Charleston Redevelopment Corporation at administrator@charlestonredevelopment.org.

The Neighborly link to complete the application can be accessed here.