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Committee asks council to seed affordable-housing fund to subsidize impact fees
Summary
Beaufort County committee voted to send a request to full council to create/reactivate an Affordable Housing special revenue fund and amend the current budget to provide $30,000 so staff can process subsidies that pay development impact fees on behalf of qualifying low-income homebuyers.
Beaufort County's Natural Resources/Public Facilities Committee voted Feb. 3 to ask full council to create or reactivate an Affordable Housing special revenue fund and to amend the current budget to seed that fund with $30,000. The move is intended to allow the county to subsidize development impact fees for qualifying affordable housing projects under a program adopted in 2015.
Deputy County Attorney Dylan Kidd told the committee the South Carolina statute allows local governments to exempt all or part of impact fees if a project is determined to create affordable housing and the development’s share of system improvements is funded from a…
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