Press Release

November 9, 2006

CHARLESTON, S.C. – Charleston-based nonprofit organization Humanities Foundation® will host the dedication of its new 72-unit affordable housing complex, Seven Farms Apartments on Daniel Island, Thursday, December 7, at 11:00 a.m.

 

The event marks the first availability of affordable housing on Daniel Island. Community and affordable housing leaders from the local, state and federal levels will attend to mark the occasion. Scheduled speakers include Charleston Mayor Joseph P. Riley, Jr.; William Dudley Gregorie, S.C. Field Office Director, the U.S. Department of Housing and Urban Development; and Dr. Eugene A. Laurent, Director, South Carolina 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 the corner of Seven Farms and Daniel Island Drive in the heart of the Daniel Island business and residential community, the complex features one-, two- and three-bedroom fully equipped apartments and common areas including a computer center, playground and covered picnic area.

In an effort to enrich the lives of the families who live in the community, Daniel Island Community Fund has awarded a grant to offer a variety of programs and services to the residents of Seven Farms Apartments, which will include financial and credit counseling for adults and after school and mentoring programs for children.

 

Humanities Foundation obtained funding for Seven Farms Apartments through a variety of sources, including the federal low-income housing tax credit program and state HOME funding. Other sources of funding include the City of Charleston, the Lowcountry Housing Trust, First Federal, The Richman Group and NBSC.

The design of the property, highlighted by a corner building with brick façade, 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 also include proof of income, SLED criminal background check and rental/mortgage history check.

 

Since its founding in 1992, Humanities Foundation® has been a leader in addressing the affordable housing crisis. In addition to its primary mission to develop affordable housing units, it also provides a range of services for residents, and in the community, that serve to alleviate problems associated with homelessness and affordable housing. The foundation has developed over 730 rental units of affordable housing – with another 72 units under construction and 72 units in pre-development - providing homes for more than 1,500 low-to-moderate-income individuals, including those with special needs such as the disabled, single mothers and senior citizens.