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Mayor Cogswell urges partnership to build 3,500 affordable units on peninsula sites
Summary
Mayor Cogswell asked Charleston County to allow city-led solicitations that would include selected county parcels and to consider an MOU or option through year-end so the city can secure buyers or joint-venture partners to deliver 3,500 net new affordable units using build-first phasing and permanent affordability restrictions.
Mayor Cogswell told the Finance Committee he and the City of Charleston want to work with the county to scale affordable housing on publicly owned sites, particularly on the Charleston Peninsula.
“We have an initiative to deliver 3,500 affordable housing units in the city of Charleston,” he said, describing a plan based on a Bloomberg housing analysis and an inventory of publicly owned parcels. The mayor said the strategy relies on economies of scale, build-first phasing (to avoid displacing current residents) and a new…
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