Citizen Portal

Get email alerts on the Housing topic

No spam. Unsubscribe anytime.

Local housing trust seeks county support to boost state application for 39 workforce units

Beaufort County Finance, Administration & Economic Development Committee · April 21, 2025

Summary

Coastal Community/Buford-Jasper Housing Trust asked the committee to forward a request to County Council for up to $1.2 million in local matching funds (or a loan/grant mix) to improve scoring for a South Carolina Housing Trust Fund application for 39 workforce units; presenters also requested $45,000 in predevelopment funds to meet a June 2 application deadline.

Representatives of Coastal Community Development Corporation and the Buford-Jasper Housing Trust asked the committee to consider moving their application to County Council with a recommendation that the county commit up to $1.2 million in local match to increase the project's competitiveness with the South Carolina Housing Trust Fund. The project proposes a first phase of 39 new workforce rental units (part of a potential 140-unit plan), targeted at households earning 30–80% of area median income and prioritized for local workers.

Trust representatives said the county match materially raises application scoring and that a combination of grants and low-cost loans can be structured to protect public dollars (a loan may yield fewer scoring points than a grant but preserves a return of funds). They also requested $45,000 in predevelopment funds to assemble the state application by the June 2 deadline and said the trust can leverage private donations and previously raised local capital. Committee members debated whether county funds should be committed now or conditioned on later steps; the committee voted to forward the presentation to County Council for consideration and to request a recommendation from the regional housing trust.

AI generated

The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.

AI can make mistakes, so if you spot one, and we will fix it for everyone.

Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.

Source