In the News

 
 
The Charleston Housing Authority is breaking ground on the new Grace Homes affordable housing complex in August.  T.Y. Lin International/Provided

The Charleston Housing Authority is breaking ground on the new Grace Homes affordable housing complex in August. T.Y. Lin International/Provided

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.

 
 
charleston-redevelopment-corp-news.png