Vote YES on the Lowcountry Housing Fund
A Housing Trust Fund (HTF) is a source (or sources) of public revenue dedicated by ordinance or law, to a distinct fund with the express purpose of providing affordable housing. There are more than 780 housing trust funds in cities, counties, and states that generate more than $1.5 billion a year for affordable housing. HTF’s are funded from a variety of public revenue. Housing Trust Funds are flexible in that they can be funded from multiple public revenues sources.
Your YES vote on Local Questions 1 and 2 means:
LESS LOCAL TRAFFIC
Additional housing dollars will enable for-profit and non-profit developers to construct housing closer to where people work, reducing the traffic burdens on our roads and bridges.
MORE JOBS CREATED
The Lowcountry Housing Fund is anticipated to create 200+ units of housing per year once funding is deployed. Local construction workers, contractors, and suppliers will benefit.
STRONGER LOCAL BUSINESSES
It’s difficult to hire and maintain a workforce when affordable housing options are unavailable to employees. This is particularly true for the local restaurants and retail businesses that help our region thrive.
BETTER EDUCATION OUTCOMES
Research has shown that creating mixed-income schools can help all students achieve better outcomes. This becomes possible with diverse housing price points within a given community.
A 2019 study found that Charleston County needs 2,600 units affordable units per year for the next ten years to keep up with growth in the area. Currently less than 10% is being achieved.