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Daniel Island News
November 29, 2006
The Daniel Island-based nonprofit organization Humanities Foundation will host the dedication of its new 72-unit affordable housing complex, Seven Farms Apartments on Daniel Island, Thursday, Dec. 7, at 11 a.m.
The event marks a huge expansion of affordable housing on Daniel Island. Currently there are five families living in townhomes made affordable through the efforts of The Daniel Island Company. In addition, through a joint effort by The Daniel Island Company, Trammel Crow Residential, and the Charleston Bank Consortium, the 84-unit Parkside Condominiums is under construction on Blakeway Street behind the Daniel Island School. An additional 28 units in that complex will be owned by the Charleston Housing Authority and will be available as rentals.
According to Humanities Foundation spokesperson Allison Leggett, 55 residents have been approved and are ready to move into the Seven Farms Apartment complex.
Community and affordable housing leaders from the local, state and federal levels will attend the dedication 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.
Daniel Island Company spokesperson Julie Dombrowski praised the availablility of the rental units as "a wonderful and important addition to the mix of residential options on the island."
"The current growth in our downtown is a significant part of the island’s development," she added, "and the addition of new residents to this area is an important part of this evolution."
The Daniel Island Community Fund 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.
For more information about Humanities Foundation, please visit www.humanitiesfoundation.org.
