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The Post and Courier
November 16, 2006
The Charleston-based, nonprofit organization Humanities Foundation will host the dedication of its new 72-unit affordable housing complex, Seven Farms Apartments, at 11 a.m. Dec. 7 on Daniel Island. The event will celebrate the first affordable housing on Daniel Island.
Community and housing leaders from the local, state and federal levels are expected to attend. Scheduled speakers include Charleston Mayor Joe Riley; William D. Gregorie, S.C. field office director of the U.S. Department of Housing and Urban Development; and Dr. Eugene A. Laurent, director of the state Housing Finance and Development Authority.
The public is invited for the ceremony, which will be followed by refreshments and tours of the property.
Located at seven Farms and Daniel Island Drive, the complex features one-, two- and three-bedroom, fully equipped apartments and common areas, including a computer center, playground and covered picnic area. The design of the property, highlighted by a corner building with brick facade, meets the design and quality standards and criteria applied to all buildings on Daniel Island. Buildings were designed by Looney Ricks Kiss of Nashville, Tenn.
Ranging in size from 710 to 1,142 square feet, the apartments rent for $461 to $632 per month. Managed by InterMark Management Corp., the apartments are available to families with a household income at or below 50 percent of the area median income, which, for an individual, means the income limit is $19,750 and for a family of four it is $28,200. Application requirements include proof of income, SLED criminal background check and rental / mortgage history check.
The Daniel Island Community Fund has awarded a grant to offer programs and services to the residents of the apartments, which will include financial and credit counseling for adults and after-school and mentoring programs for children.
The foundation obtained funding for Seven Farms Apartments through a variety of sources, including the federal low-income housing tax credit program, state HOME funding, city of Charleston, Lowcountry Housing Trust, First Federal, The Richman Group and NBSC.
