North Central Apartments
About the project
Charleston Redevelopment Corporation (CRC) was founded in 2012 by the City of Charleston, the Historic Charleston Foundation and the Housing Authority of the City of Charleston. The CRC focuses on the development and maintenance of affordable housing in the Charleston area and helps secure local, state and national funding for long-term housing affordability.
CRC is based in Charleston, SC.
LISC provided a $3.50 million acquisition loan for CRC to acquire North Central Apartments, a 36-unit senior LIHTC multifamily property in Charleston. The property's tax credit status is expiring, and CRC will ensure the property remains affordable.
Partner:
Charleston Redevelopment Corporation
Location:
Charleston, SC
Total Investment:
$3.50 million
Results:
36 units
Project Category:
Affordable Housing
Product:
Acquisition loan
Website:
UN SDGs:
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