City of Charleston offers affordable housing through First Time Homeownership Initiative

The city of Charleston department of Housing and Community Development recently constructed two homes, located at 1904 Doscher Avenue and 56 Nunan Street, that are now available for purchase through their First Time Homeownership Initiative.

The Homeownership Initiative, developed in 2000, is designed to provide affordable homeownership opportunities for low- and moderate-income families, while stimulating revitalization and preserving both the affordability of housing and the character of diverse neighborhoods on the peninsula. A combination of newly constructed and rehabilitated homes are made available through this program, each developed and sold to first-time homebuyers with households earning 50-120 percent of the area median income.

These most recent HI properties were constructed with funding from the U.S. Department of Housing and Urban Development’s HOME Investment Partnership Program (HOME), which provides formula grants to state and local governments for the purpose of creating affordable housing.

Geona Shaw Johnson, city of Charleston director of housing and community development, said, “These recently constructed homes illustrate the city’s ongoing dedication to making housing more affordable and accessible to residents, and how our Homeownership Initiative is helping us reach that goal.”

As the demand for affordable housing continues to grow, many homeowners are exploring innovative options for selling their properties, particularly those looking for a quick and hassle-free transaction. Selling your house to cash home buyers has become an increasingly popular choice for those who wish to streamline the selling process without the lengthy traditional methods.

This approach allows homeowners to receive immediate offers and potentially close the sale within days, providing them with the flexibility to move forward with their plans. For many, this is a vital solution, especially for those who may be facing financial constraints or are eager to relocate. By choosing to sell my house cash, homeowners can not only avoid the burden of repairs and showings but also capitalize on the opportunity to transition into new housing options that meet their needs. This method aligns perfectly with initiatives aimed at enhancing homeownership opportunities, ensuring that families can find solutions that are both accessible and efficient.

The Doscher Avenue and Nunan Street properties are available to first-time homebuyers with an annual household income not exceeding 80 percent of the area median income. For more information, please visit http://charleston-sc.gov/index.aspx?nid=242 or contact Florence Peters, the city’s housing development officer, at 843-724-7353 or [email protected].

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