City of Charleston looking for a Real Estate Broker for Affordable Housing Projects
CHARLESTON, SC (WCSC) – The City of Charleston is seeking a Real Estate Broker to help provide more affordable housing options in the city.
According to city officials, in order to build more affordable housing, the city must first purchase the property.
The city recently announced a Request for Proposal, or RFP, which says it is looking to contract with a real estate broker or company to help find any plots of land, lots or existing structures that the city has to offer. can use for affordable housing and affordable housing. programs, both for rentals and properties for sale.
According to the RFP, sites around the Lowline have priority. This is the area of the peninsula stretching from Marion Square to Mount Pleasant Street, which includes the area under I-26.
According to Geona Shaw Johnson, director of housing and community development for the city of Charleston, the plan for the Lowline and surrounding area includes parks and other benefits, which are expected to attract retail businesses, restaurants and more. Shaw Johnson said the city wants people with varying incomes to be able to live nearby and enjoy all of these amenities.
“We want to expand these opportunities throughout our community for this region,” she said. “So we asked the real estate agent, whoever they are, to focus on this area so that we can put more sales opportunities, as well as rental opportunities, for low income people. and moderate in this area. “
The RFP states that other sites will be considered and should be close to public transport and amenities, should not disturb wetlands or should do so minimally, and should be located where utilities and infrastructure are available. , among other criteria.
The RFP calls affordable housing “one of the most pressing issues in Charleston.” Shaw Johnson said data shows Charleston will need more than 16,000 additional affordable housing units by 2030.
Real estate broker Matt O’Neill said he has seen significant growth in Charleston over the past 15 years, with prices following suit. He told Live 5 that he was happy that the focus was more on affordable housing projects.
“The city of Charleston is taking action, and I think it’s so awesome,” he said. “I think [affordable housing] is one of the biggest challenges our region faces today, and I think it will continue to be an increasingly important challenge in the future. I love that the city is taking affordable housing into its own hands and actually making it available.
According to Shaw Johnson, they expect to get the contract for a real estate broker to city council for approval by November.
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