MOUNT PLEASANT, S.C. (WCSC) - Charleston County and Charleston Habitat for Humanity are breaking ground on affordable housing in one of the Lowcountry’s least affordable areas.
The project will provide four new homes for Mount Pleasant families.
The initiative is part of the county’s Affordable Housing Land Acquisition Grant Program, which helps nonprofit and for-profit developers acquire land for affordable housing. The project received a $350,000 grant, administered by the Charleston Redevelopment Corporation.
Charleston County originally allocated $2.5 million from American Rescue Plan Act funds for the program. Eric Davis, Charleston County’s Director of Housing and Land Management, said each project includes a minimum 20-year affordability period and, with organizations like Habitat for Humanity, these commitments can last even longer.
“I think success 10 years down the road looks like it’s easier for folks to both purchase a home and live closer to where they work and where they want to go out for entertainment and things like that,” Davis said.
He added that access to affordable housing impacts has an impact far beyond the homeowner themselves.
“It’s not just someone’s personal finances and personal situation that we’re trying to help by providing attainable housing,” he added. “It’s all connected to our economy, our infrastructure, everything,” Davis said.
He also said that more attainable housing could be a solution to many problems the Tri-County area faces.
“It’s really all interconnected when we think about it. If there’s not affordable housing near where you work and where you play, then that pushes folks out to the perimeter of the metro area, which creates stress on traffic and public transportation. So we’re trying to look at this holistically,” Davis said.
Families earning between 35% and 80% of the area median income qualify for any Habitat home. According to U.S. News and World Report, that number is just over $117,000 in Mount Pleasant. While the average two-bedroom rental in Charleston costs $1,600 to $1,800 a month, Habitat homeowners will pay closer to $1,000 monthly for their mortgage and ownership expenses because payments are capped at 30% of gross income.
Lynn Bowley, the chief executive officer of Charleston Habitat for Humanity, said these four homes are a crucial step toward addressing the affordability crisis where many essential workers are being priced out.
“You probably already know a bunch of people who would qualify for a Habitat Home. It could be first responders, first-year teachers. It could be the people who work in the medical field who aren’t the doctors and nurses,” Bowley said.
Bowley also said that being able to build in accessible locations is essential for success.
“It’s really important to be able to build in places like Mount Pleasant where we are not putting people in an area where there is no access to health care or food or schools,” Bowley said.
But, Bowley said that as the need for affordable housing grows, so do the challenges; finding places to build is one of them.
“The hard part is identifying land that’s located in a desirable area and capable of being subdivided. We don’t pass on the cost of the land to our homeowners because they’re capped at 80% of the area median income. So, we need to be as cost-conscious as possible,” she said.
Bowley said Habitat is also exploring multifamily properties, tiny home communities and potential land trusts to maximize density without buying additional land.
“Four houses is always a big, big deal, especially because we’ll be able to build all four of them together. So, it’s almost like having a little tiny neighborhood,” she said.
Construction is expected to be completed within two years.