New affordable housing to rise on Meeting Street in center of Charleston’s East Side
A new housing development rising on Nassau Street will return some reasonable price-points to the rapidly gentrifying East Side neighborhood in downtown Charleston.
The Charleston Housing Authority is set to break ground on the new Grace Homes affordable housing complex Aug. 9, with construction likely starting soon after Labor Day.
The three-story building a block east of Meeting Street will offer 62 units, with 34 set aside for very low-income people, 22 two-bedroom “workforce housing” apartments for people earning no more than 80 percent of the area’s median income, and six three-bedroom units to be sold to people earning up to 120 percent of the area’s median income through the city of Charleston’s Homeownership Initiative.
