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Apr 17

In the greater Charleston area what does ‘affordable housing’ really mean?

  • April 17, 2019
  • Jamie DeMent
  • No Comments
  • LIVE LEARN EARN

In the greater Charleston area what does ‘affordable housing’ really mean?

Housing that people can afford goes by many names and means many different things, but discussions about “affordable housing” in greater Charleston are increasingly focused on middle-class, full-time workers.

In Mount Pleasant, for example, a nonprofit group that emerged from the work of a town housing task force, called Housing For All Mount Pleasant, lays out a goal of creating “attainable housing.” The organization defines that as housing people earning up to 120 percent of the area’s median income can afford.

That would be a single person earning up to $62,640, or a family of four with income as high as $89,400, which is more than most families earn.

[Read more at Post & Courier]

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