A major affordable-housing deal for 📍 downtown Charleston just fell apart

Описание: A major affordable-housing deal for 📍 downtown Charleston just fell apart.

The city planned to buy six acres on Morrison Drive to build around 800 units — with half designated as affordable. But a multimillion-dollar gap between the city and county appraisals killed the contract.

This land was supposed to help deliver new affordable units and serve as temporary housing during Housing Authority redevelopments. Losing it slows progress and keeps rent pressure high — but the fight isn’t over.

Mayor Cogswell is now pushing a new zoning category that would require 50% affordable units on key redevelopment sites, including this one.

The deal is dead.
But the plan isn’t going away.

Source: The Post & Courier

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