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City mayor seeks council approval to pursue $30 million purchase of Morrison Drive site for workforce housing
Summary
The mayor told the Community Development Committee that the city has offered $30 million to Charleston County to buy a 6.43-acre site at 993 and 995 Morrison Drive with the aim of developing workforce and affordable housing.
The mayor told the Community Development Committee that the city has offered $30 million to Charleston County to buy a 6.43-acre site at 993 and 995 Morrison Drive with the aim of developing workforce and affordable housing.
The mayor said the county "are open to accepting our offer for $30,000,000" and proposed that the city require deed restrictions making 50% of residential units workforce or affordable housing, layered by AMI tiers. He also proposed asking the county to agree either to provide permanent access easements for two narrow strips of land on the site or to reduce the purchase price to reflect prior payments the county received for those strips.
The propo…
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