Latest news with #SCHousing
Yahoo
14-05-2025
- Business
- Yahoo
Myrtle Beach set to help finance 54-unit workforce housing complex
MYRTLE BEACH, S.C. (WBTW) — Myrtle Beach leaders on Tuesday supported a multi-step financing plan that would help cover costs of an $18 million workforce housing project. 'Municipal backing is extremely important and boosts the project's competitiveness in a highly selected funding process,' community engagement office director Kelvin Waites said. Under terms of the agreement, Greenville-based Schaumber Development would get a 2% voucher for each of its 54 units, or $360,000. If the project then wins state approval, the city would take out a 20-year, $180,000 loan to meet SC Housing guidelines. Conway mayor apologizes to developer after workforce housing plan dies, vows to keep topic a priority The firm — which also operates Swansgate II on Dunbar Street — wants to put two buildings on Oak Street. Rents would sit between $370 and $1,100 a month based on annual incomes of $18,000 for a single person to $52,000 for a family of four. 'We continue to have workforce housing conversations and discussions and strategy sessions about how we move the needle in the city on how to create more product,' Brian Tucker, the city's assistant city manager, said last month. * * * Adam Benson joined the News13 digital team in January 2024. He is a veteran South Carolina reporter with previous stops at the Greenwood Index-Journal, Post & Courier and The Sun News in Myrtle Beach. Adam is a Boston native and University of Utah graduate. Follow Adam on X, formerly Twitter, at @AdamNewshound12. See more of his work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
18-03-2025
- Business
- Yahoo
‘We don't want this:' Conway leaders mulling future of planned workforce housing development
CONWAY, S.C. (WBTW) — Residents inside a quiet Conway community spent this month pleading with city leaders to block construction there of a $22 million workforce housing development they said would alter their lives forever. 'We love our neighborhood. We don't want this,' Chicora Boulevard resident Elizabeth Orlando told the city's planning commission March 6. 'We really don't need more low-income housing for other people who aren't from here to make money from. We need to take care of the residents of the city of Conway.' On Monday, the city council responded — delaying a rezone vote that would clear the way for North Carolina-based Taft Mills Group to create 80 workforce housing units on 7.8 acres fronting Highway 701. Officials said they support TMG's concept, but want to find a more suitable spot. 'I would vote 'no' to rezone it, but I would look forward to working with the developer to find a different location that everything would match up better,' councilwoman Julie Hardwick said. Nate Broman-Fulks, TMG's vice president of development, said the firm would need to have the rezone complete by May 19 in order to apply for tax credit financing through SC Housing. Conway, he said, makes sense for the project — which would be open to people who make 70% of the area's median income, or $55,500 for a family of four. The multi-story buildings would offer units with up to three bedrooms. 'It's an incredible location near grocery stores and several parks, shopping centers and doctors downtown as well as schools, so it checks all those boxes for us,' Broman-Fulks said March 6. If approved, the development would be Conway's first tax-credit funded workforce housing project in nearly 20 years and come at a time when average rents in the city are $1,850. 'It's a vibrant community. A lot of people want to be here, so I don't see that going the other direction,' Broman-Fulks said. 'It's probably going to get harder for people to afford to live here that are working here.' Residents like Kimberley Daley said adding more traffic and people into the area would create public safety issues. 'It all looks wonderful on paper but for everything good about it, there's 100 things bad,' she said March 6. At least one prominent community group is backing TMG's efforts. 'Affordable housing provides individuals and families with secure, stable homes. This stability is essential for emotional well-being and overall health. Housing is needed much more than another commercial center. Rezoning this parcel will allow the City to meet the crucial need for housing,' Tara Ostrander of the Family Justice Center of Horry and Georgetown Counties wrote in a letter of support. * * * Adam Benson joined the News13 digital team in January 2024. He is a veteran South Carolina reporter with previous stops at the Greenwood Index-Journal, Post & Courier and The Sun News in Myrtle Beach. Adam is a Boston native and University of Utah graduate. Follow Adam on X, formerly Twitter, at @AdamNewshound12. See more of his work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
