There is tremendous need for affordable housing throughout the Lowcountry.
Vital members of our community-- teachers, firefighters, policemen, paramedics, and service industry workers- cannot afford to house their families. Statistics compiled by the federal government indicate that over 45% of the households in the five-county earn less than $44,700. People earning these wages generally must devote over half their income to shelter. While the need is great, it is not enough to attract the investment required to serve this market. This is why LHT was created.
Recognizing that viable, sustainable communities include more than affordable housing, LHT recently expanded its mission to support the fundamental needs of underserved communities. While affordable housing will remain a priority, LHT now finances community facilities, community businesses, and healthy food retail outlets.
LHT is a regional affordable housing and community development financier that works with local governments, developers, community leaders, non-profits, and businesses to build strong, healthy communities. Since our inception in 2004, we have infused more than $13 million in community development financing into the community, resulting in the development of over 850 affordable housing units for Lowcountry families.