Live 5 News reports that Lowline Housing LP has asked Charleston County for $396,000 in assistance for a five-story, 55-unit mixed-income building beside the Lowline path downtown, near King Street and the future Lowcountry Rapid Transit line. The request, made under the county's Uniform Tax Exemption Policy, equals about 19 percent of the project's property taxes over 15 years and would fund site development, with the developer paying the county roughly $1.7 million in fees over that period.
Why this matters here
Downtown merchants have been short on staff for years, partly because the people who would take those shifts cannot afford to live near them. Housing inside walking distance of King Street, next to a planned transit line, is a workforce story as much as a housing one. It is also worth watching because the same tax policy is available to other projects in the county.
First reported by live5news.com.
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