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PRESS RELEASE :
October 1, 2008
$455,000 Awarded for Affordable Housing
The Lowcountry Housing Trust awarded $455,000 in affordable housing financing today at an awards ceremony, at Peecksens Court - Bogard Street and Peecksens Court, the City of Charleston newest affordable housing development. LHT funded the Peeksens development last year. 2008 funds were made possible by commitments from the City of Charleston, City of North Charleston, the Town of Mount Pleasant, and Charleston County. >>>more (.pdf)
PRESS RELEASE :
September 29, 2008
The Lowcountry Housing Trust to Award $455,000 for Affordable Housing
Tammie Hoy, Executive Director notes, “In a time where housing prices still remain overpriced, wages have stayed flat and the lending community is becoming more and more conservative every day, creative funding sources such as those the Trust provides are critical to spurring the economy and infusing money into the housing market. ” >>>more (.pdf)
PRESS RELEASE :
September 12, 2008
Mount Pleasant Town Council to Consider Workforce Housing Incentive Ordinance
On Tuesday September 9th Town of Mt. Pleasant Council will consider approving a new Ordinance that will incentivize private developers to produce affordable housing within the Town in conjunction with their overall developments. This new Workforce Housing Planned Development ordinance has been in development for the past year. >>>more (.pdf)
PRESS RELEASE :
September 8, 2008
Lowcountry Housing Trust Receives Investment for Program Expansion
The Lowcountry Housing Trust (LHT) has received two major investments to help promote and produce affordable housing in the tri-county region. Last week the US Treasury Department announced that LHT would receive $99,738 to assist with the development and implementation of the Trust as a new Community Development Finance Institution (CDFI). >>>more (.pdf)
POST AND COURIER:
July 21, 2008
Priced Out of the American Dream
Some housing experts say the disparity between what homes cost and what workers can afford has reached a critical point. Record gas prices have stretched the budgets of many workers who commute long distances from their suburban homes, said Tammie Hoy, executive director of the Lowcountry Housing Trust, an affordable housing advocacy group. And the Lowcountry's major roadways often are choked with traffic during rush hour, chipping away at the area's quality of life. "People are going to have to start making hard choices about where they live and where they work," she said. >>>more (PDF)
PRESS RELEASE :
May 19, 2008
Lowcountry Housing Trust Announces $600,000 Available to Finance Affordable Housing in Tri-County
The Lowcountry Housing Trust is pleased to offer funding for two programs. >>>more (.pdf)
PRESS RELEASE :
April 16, 2008
Lowcountry Housing Trust to Host Affordable Housing Finance Workshop
The Lowcountry Housing Trust is hosting DEVELOPING HOUSING FOR ALL: Affordable Housing Finance Workshop on Friday, May 16, 2008. The event, which is sponsored in part by the REALTORS® Housing Opportunities Fund, will be held at 10 Storehouse Row on Noisette Boulevard at the Navy Yard from 8:30 a.m. until 11:30 a.m. >>>more (.pdf)
PRESS RELEASE :
March 21, 2008
Lowcountry Housing Trust and The Greenery, LLC: “Transforming a House into a Home”
In line with the popular HGTV series, “While You Were Out” or ABC’s “Extreme Home Makeover,” today The Greenery, LLC in partnership with the Lowcountry Housing Trust (LHT), landscaped the home of Michael and Taryn Richardson while the family is away on vacation in Florida. Tim Marsac, Director of Marketing for the Greenery, LLC, “We are excited to have partnered with LHT for such a worthwhile cause. Landscaping is what we do so it is very easy for us to assist the homeowners! We look forward to building this relationship for a long time to come.” >>>more (.pdf)
THE MOULTRIE NEWS :
March 5, 2008
EDITORIAL - Affordable Housing
The Mount Pleasant Finance Committee of Council agreed to look into a partnership with the Lowcountry Housing Trust (LHT) to help with funding awards that provide affordable and workforce. >>>more (.pdf)
THE MOULTRIE NEWS :
February 20, 2008
Housing Trust awards grant money for affordable housing
It’s been years in the making, but the Phillips Manor project on Nehemiah Road, funded in part by the Lowcountry Housing Trust is finally underway. >>>more (.pdf)
PRESS RELEASE :
February 14, 2008
$325,000 AWARDED FOR AFFORDABLE HOUSING
Tom Faulkner of Nehemiah Community Revitalization Corporation, developer of Phillips Manor highlighted, “the groundbreaking work of the Lowcountry Housing Trust and the continuing work of the collaborative of public, private, and non-profit entities determined to make it possible for their citizenry to live in decent, affordable, quality housing throughout South Carolina’s lowcountry. >>>more (.pdf)
PRESS RELEASE :
February 11, 2008
$325,000 TO BE AWARDED FOR AFFORDABLE HOUSING
On Wednesday, February 13th at 9:30 am the Lowcountry Housing Trust will announce the award of $325,000 in funding to five developers of affordable housing at Phillips Manor - Highway 41 and Nehemiah Road, Mount Pleasant, SC 29464 - a new affordable Mount Pleasant community funded in part by the Trust. >>>more (.pdf)
BUILDERNews Magazine:
February 2008| CITY SPOTLIGHT| Charleston, SC
A port city accomodates affordability and heritage
The housing market in the city has fared slightly better than many over the past few years. There has been an increase in demand for homes in the middle to lower price ranges. Tammie Hoy, the executive director of Lowcountry Housing Trust of Charleston says, "We have seen a significant increase in the demand to build a ‘more affordable’ product, $200,000 and below. With the saturation of higher priced homes $300,000 and above and the tightening of the lending market, many builders are seeing the affordable price points as a niche market, which is good for our industry, but still challenging to deliver on the coast.”
>>>more (.pdf)
CHARLESTON REGIONAL BUSINESS JOURNAL:
October 1-14, 2007 | COVER STORY | Home Prices Out of Reach by Molly Parker
Between 2000 and 2007, home prices increased from an average of $194,765 to $306,098.
“We have two hurdles to hop over,” Hoy said. “One is there’s a stigma in the market of affordable housing, where people assume that means it’s government subsidized or that you’re not working, or you’re on welfare, or that it’s unattractive and creates crime. The other hurdle is to make it happen, to physically build affordable housing in an area that’s on the coast in a desirable place to live.” >>>more (.pdf)
PRESS RELEASE:
September 18, 2007
Public Notice/Notice of Available Funding:
Fall 2007 Gap Financing Funding Round
The Lowcountry Housing Trust is pleased to announce the availability of $325,000 to subsidize the production of affordable housing in the City of Charleston and Charleston County. Applications will be accepted from for-profit and non-profit developers to construct new units or rehabilitate vacant housing units for sale or rent to low and moderate income households. >>>more (.pdf)
POST AND COURIER: THE CITISTATES REPORT
September - October 2007
What can we do about growth?
Starting Sunday, September 9th and continuing for the next four Sundays, The Post and Courier will run a series of reports by the Citistates Group analyzing the threat and potential that growth presents the Lowcountry. The Citistates Group, led by nationally syndicated columnist Neal Peirce and urban affairs expert Curtis Johnson, conducted extensive interviews over the year to dissect the three-county Charleston metropolitan areas strengths and weaknesses in handling its growth challenges.
EAST EDISTO NEWSLETTER:
August/September 2007
What People are Saying...
“I hope there’s a significant amount of diverse housing options for all incomes. Need a well thought out sustainable plan.” Tammie Hoy, from July 12 Public Meeting North Charleston Convention Center >>>more (.pdf)
THE MOULTRIE NEWS :
September 12, 2007
East Cooper Habitat for Humanity breaks ground on new site
On Saturday, Sept. 8 East Cooper Habitat for Humanity broke ground on its 49th home located on Joseph Glover Road. The home is being built for Emma Mack, an employee of First Federal, and her two daughters. >>>more (.pdf)
PRESS RELEASE :
August 8, 2007
$325,000 IN FUNDING AWARDED BY LOWCOUNTRY HOUSING TRUST
On August 8, 2007 the Lowcountry Housing Trust awarded more than $325,000 in funds to numerous local agencies that are committed to creating affordable housing throughout the Charleston area. >>>more (.pdf)
CHARLESTON REGIONAL BUSINESS JOURNAL:
May 2007
Perceptions, land costs create affordable housing obstacles
With the median price of a Lowcountry home at $215,000 and the average annual Lowcountry salary at $32,000, the region has a strong need for affordable housing, panelists and other attendees emphasized at Wednesday’s “Housing for All: Developing Housing for the Workforce” conference at The Navy Yard at Noisette in North Charleston. >>>more (.pdf)
PRESS RELEASE:
March 19, 2007
RACE JUDICATA - CHARLESTON SCHOOL OF LAW HOSTS 5K TO SUPPORT THE LOWCOUNTRY HOUSING TRUST
The Charleston School of Law is hosting its first annual “Race Judicata” on Saturday, March 24, 2007. The 5K run/walk will begin at 8:30 a.m. downtown in Hampton Park and wind through the historic Citadel campus. >>>more (.pdf)
PRESS RELEASE:
January 17, 2007
Public Notice/Notice of Available Funding:
Spring 2007 Gap Financing Funding Round
The Lowcountry Housing Trust Announces $440,000 Available To Subsidize Affordable Housing In Charleston County including the City of Charleston and the City of North Charleston. >>>more (.pdf)
CHARLESTON REGIONAL BUSINESS JOURNAL:
February 2007
More For-Profit Developers Needed for Affordable Housing
The Lowcountry Housing Trust and Charleston Water System have a nice little incentive package for private developers. Last March, the two entities announced a program that reduces or delays impact fees so developers can save a few bucks building homes working-class folks can afford.>>>more
(PDF)
PRESS RELEASE:
January 17, 2007
Lowcountry Housing Trust and Forever Green, Inc: "Making a House a Home"
The Lowcountry Housing Trust (LHT), in partnership with Forever Green, Inc., will kickoff its new Plant a Tree Program to assist the Charleston Area Community Development Corporation in its efforts to revitalize the Silver Hill Neighborhood at 2128 Booker Street on Tuesday, January 23rd from 8:00 am until 11:00 am. Come join us as we transform this house into a home for the Brown Family! >>>more (.pdf)
PRESS RELEASE:
November 29, 2006
$54,000 AND COUNTING: SAVINGS DIRECTLY IMPACT HOUSING COST
In March 2006 Charleston Water System and the Lowcountry Housing Trust announced a first-of-its-kind program to encourage developers to build housing that more Lowcountry residents could afford. >>>more (.doc)
CHARLESTON REGIONAL BUSINESS JOURNAL:
November 2006
LHT Featured in Philanthropy
The Lowcountry Housing Trust is featured in the Philanthropy Issue of the Charleston Regional Business Journal thanks to our sponsor, the Ion Group >>>more
(PDF)
HOUSING TRUST FUND PROJECT NEWS:
Summer 2006
Lowcountry Housing Trust Brings Innovation to the Charleston, South Carolina Region
The Lowcountry Housing Trust in Charleston, South Carolina continues to advance its goal of addressing affordable housing in the greater Tri-County area >>>more
(PDF)
PRESS
RELEASE:
Public Notice/Notice of Available Funding
Predevelopment Revolving Loan Program
Lowcountry Housing Trust Announces $100,000 Available To Subsidize Affordable
Housing In Berkeley, Charleston, and Dorchester Counties. Applications
will be accepted from government entities, for-profit, and non-profit
developers for predevelopment expenses associated with the construction
of new units >>>more
(.doc)
BOARD REPORT:
Charleston Water System Board Report Dec 2005 - Jan 2006
Charleston Water offers reduced impact fees for affordable
housing - In an effort to support affordable housing development
in the Lowcountry, Charleston Water System has
joined with the Lowcountry Housing Trust to offer up to
$1,000 in impact fee savings for each affordable
housing unit built in the utility’s service area.>>>more(PDF)
PRESS RELEASE:
Charleston Water Fee Reduction and Payment Deferral Now Available for
Affordable Housing
Charleston Water System, formerly The Charleston Commissioners
of Public Works, and the Lowcountry Housing Trust, a non-profit clearinghouse
for housing funding and advocacy, announce a first-of-its-kind program
to encourage developers to build housing that more Lowcountry residents
can afford. >>>more (PDF)
PRESS RELEASE:
Mt. Pleasant Addresses the Need for Workforce Housing
Mt. Pleasant - Tuesday night the Mt. Pleasant Town Council unanimously
approved a resolution to establish the Mount Pleasant Workforce Housing
Advisory Committee. The Advisory Committee was developed in response to
some Council members' growing housing concerns, >>>more (.doc)
POST AND COURIER:
February 2, 2006
Impact Fees Lowered
for Affordable Housing
The cost of connecting a new home to the Charleston Water System
jumped by $1,840 on Monday, as a 50 percent increase in water and sewer
impact fees took effect. But a new agreement will create a $1,000 discount
for developers of affordable housing. >>>more (PDF)
PRESS RELEASE:
Homeownership Made Possible Just in Time for Christmas
for Single Mother of Two
Mt. Pleasant - One Awendaw resident has a lot to be thankful
for this Christmas. In an attorney’s office downtown, Ms. Lucretta
Robinson, a single mother of 2, wept with joy as she signed her mortgage
agreement to become a first time homebuyer. >>>more (PDF)
PRESS RELEASE:
February 1, 2006
Charleston Water System to Reduce Impact Fees for Affordable
Housing
Charleston/Tricounty - The Charleston Commissioners of Public Works, recently renamed Charleston
Water System, are partnering with the Lowcountry Housing Trust (LHT),
a Tri-County affordable housing non-profit to reduce impact fees for developers
who build affordable housing in the system's service districts. >>>more (HTML)
CHARLESTON CITY PAPER:
NOVEMBER 16, 2005 | COVER STORY | Middle Class Squeeze by Bill Davis
Affordable Housing -- It's Not Just For The Poor Anymore
If there ever was a perfect example of a Charlestonian needing affordable
middle-class housing, it would have to be Hanson Abu. A professional floor
installer, Abu, or "Boo" to everyone he grew up with in Orangeburg,
makes his home in the peninsular West Side neighborhood, a few blocks
off the Crosstown. >>>more (HTML)
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