In the News
Editorial: Land trust a new tool for affordable housing in Charleston
The Post & Courier, August 10, 2018
Land is expensive on the Charleston peninsula. That’s not exactly news. But expensive land generally translates into expensive housing. And expensive housing means lots of workers can’t afford to live near their jobs. And workers living far from work means traffic and parking problems. And so on.
As far as we know, there is no straightforward solution to Charleston’s housing affordability crisis. But if the price of land is part of the problem in building reasonably priced homes, then it makes sense to try to cut that cost.
Enter the Palmetto Community Land Trust. The nonprofit organization launched in January uses public-private partnerships to acquire land, develop housing and sell or rent those homes at an affordable rate in perpetuity.