- Charleston County opens applications for housing trust fund loans
- $8.35 million allocated from local tax revenue to seed the fund
- Loans support rental and homeownership housing development
- Funds can be used for acquisition, rehab, construction, and planning
In efforts to meet local housing demands for flexible, need-based revolving loans, Charleston County has the Housing Our Future Trust Fund.
The fund, in partnership with South Carolina Community Loan Fund, has opened applications for non-profit and for-profit organizations with experience developing attainable housing, according to a news release.
“With the launch of the Housing Our Future Trust Fund application cycle, Charleston County is taking another important step in addressing the housing challenges facing our community,” Kylon Middleton, Charleston County council chairman, said in the release. “This initiative reflects our shared vision for a county where all residents have access to safe, attainable housing, and by working alongside dedicated partners like the SC Community Loan Fund, we’re turning that vision into action one project at a time.”…