Affordable Housing Tax Credit Coalition Meeting and Archer School Tour
Congressman James Clyburn tours Historic Archer School
In the latest gathering of the Affordable Housing Tax Credit Coalition, Tracy Doran, President of Humanities Foundation, joined Representative James Clyburn and esteemed guests to delve into critical issues surrounding the Low-Income Housing Tax Credit (Housing Credit). The discussions spanned a spectrum of topics, including the legislative outlook for affordable housing in 2024, regulatory considerations such as the Community Reinvestment Act (CRA) and Basel III regulations, insurance intricacies, as well as the multifaceted challenges and innovative solutions in the realm of development.
A particular focus was given to the prevalent affordable housing issues affecting South Carolina and the broader Southeast region. The meeting provided an invaluable platform to address the intricacies of the Housing Credit landscape and explore strategic avenues for positive impact.
Following the meeting, Representative Clyburn undertook a tour of the Historic Archer School, currently undergoing transformation into housing tailored for seniors on Charleston's Eastside. The renovated apartments are poised to be available to seniors in March of this year, marking a significant milestone in the ongoing commitment to enhancing housing options for vulnerable communities. This transformative project aligns with Humanities Foundation's dedication to creating sustainable living spaces, further reinforcing the organization's pivotal role in advancing affordable housing initiatives.
“I’m here this afternoon at the Archer School Apartments where the Humanities Foundation and James Doran company have joint-ventured to create 89 affordable senior apartments and so pleased to have Congressman Clyburn here as well as our city partners, county partners, tax credit partners, Red Stone and all of the folks who have been so supportive during this development,” Doran said.”
