The city of Charleston opened the Juniper Street Townhomes at 1555 Juniper St. in West Ashley, 10 homes developed by JJR Development and MGN with a $3.7 million city investment and a permanent subsidy built into each property. Buyers earning 50 to 120 percent of area median income bought through the city's First Time Homebuyer Initiative.
Why this matters here
Owner-occupied housing priced for working households is the quiet half of the labor problem every Lowcountry small business has. Ten homes will not fix it, but a permanent subsidy that keeps units out of investor hands is a model worth watching if you are trying to keep staff living close to your storefront.
First reported by scbiz.com.
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