March 31, 2021
The Housing Authority of the City of Charleston Announced it is Entering Into Negotiations With Palmetto Redevelopment Partners to Replace Twelve Public Housing Apartments

THE HOUSING AUTHORITY OF THE CITY OF CHARLESTON ANNOUNCED IT IS ENTERING INTO NEGOTIATIONS WITH PALMETTO REDEVELOPMENT PARTNERS TO REPLACE TWELVE (12) PUBLIC HOUSING APARTMENTS AT 275 HUGER STREET WITH 85 MIXED INCOME APARTMENTS TO INCLUDE A ONE TO ONE REPLACEMENT OF THE ORIGINAL TWELVE.

THIS VENTURE ESTIMATED TO COST $23.2M WILL RESULT IN A NET GAIN TO THE CITY’S INVENTORY OF AFFORDABLE UNITS

THE PLANS CALL FOR:

1. 12 APARTMENTS FOR FAMILIES AT 30% AMI
2. 10 APARTMENTS FOR FAMILIES AT 50% AMI
3. 41 APARTMENTS FOR FAMILIES AT 60%AMI
4. 22 APARTMENTS FOR FAMILIES AT MARKET RATE

THIS IS THE SECOND ASSET THE AUTHORITY IS REDEVELOPING AS PART OF ITS STRATEGIC PLAN TO REWORK ITS PUBLIC HOUSING PORTFOLIO OF 1407 APARTMENTS UNDER THE HUD RENTAL ASSISTANCE DEMONSTRATION PROGRAM.

FOR MORE INFORMATION, PLEASE CONTACT:

DONALD J. CAMERON
djc@chacity.org
(843)209-9834