Charleston, Southampton, Metro Housing Initiatives Boost Affordable Housing Efforts

Charleston County has launched a Local Housing Trust Fund aimed at enhancing affordable housing options in the Lowcountry through below-market loans, supported by the local Accommodations Tax. Council Member Rob Wehrman stressed the importance of making housing accessible for local residents, while Council Chairman Kylon Middleton emphasized collaboration in addressing housing needs. Similarly, the Southampton Town Board has approved over $3.4 million from its Community Housing Funds to support the development of 14 new single-family homes for first-time buyers at prices accessible to families earning 80-100% of the area median income. Meanwhile, in Ohio, the Mansfield Metropolitan Housing Authority is seeking new funding avenues after facing setbacks with a proposed affordable housing project due to withdrawn financing. These initiatives reflect a broader commitment across various regions to tackle affordable housing shortages through innovative funding and project support.