The City of Charleston and the Charleston Redevelopment Corporation (CRC) marked the completion of four new affordable rental homes at 89 Fishburne Street with a ribbon cutting ceremony. The event highlighted collaboration between city officials, state agencies, and nonprofit organizations to address housing needs in the area.
This development is an in-fill project that was made possible through a partnership with the South Carolina Department of Transportation, which transferred a long-vacant parcel to the City. The City worked with CRC, a local nonprofit community development financial institution, and contributed $100,000 in federal funding toward construction. The new homes are intended to provide workforce and affordable housing.
At the ceremony, it was announced that 200 more affordable housing units are planned across four CRC-led projects. These projects represent an investment of $55 million over the next three years.
“Affordable housing is one of my top priorities as Mayor, and projects like this show we are turning that commitment into action,” said Mayor Cogswell. “This project shows what’s possible when state, city, and nonprofit partners work together with a shared commitment to affordability.”
The four completed units are part of Mayor Cogswell’s broader initiative to build 3,500 net new affordable housing units throughout Charleston by 2032. According to city leaders, this effort is seen as essential for growth and for ensuring residents can continue living in their communities.
The City and CRC stated they remain committed to increasing affordable housing opportunities moving forward.
Charleston operates as a municipal government focused on providing public services and maintaining infrastructure while preserving its historical character according to its official mission. The city collaborates with regional government entities to enhance quality of life for residents as outlined on its website. It serves as the seat of Charleston County and has played significant roles throughout American history as described on its official history page.
