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Fund Addresses Affordability Crisis With Unsubsidized Multifamily Project in South Carolina

Workforce Housing Development Targets Low- to Moderate-Income Households
The latest project financed by the American South Real Estate Fund in Beaufort, South Carolina, will include 280 units reserved for households earning less than 115% of the area's median income. (American South Fund Management)
The latest project financed by the American South Real Estate Fund in Beaufort, South Carolina, will include 280 units reserved for households earning less than 115% of the area's median income. (American South Fund Management)
CoStar News
April 22, 2024 | 6:37 P.M.

A California-based fund has raised money for its latest workforce housing project in Beaufort, South Carolina, expanding its affordable apartment portfolio largely without government subsidies as half the county’s renters find themselves weighed down by the cost of market-rate apartments.

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