Panel Discussion on Affordable Housing Development
Trident Construction sat on a panel discussion on Affordable Housing Development. The event was sponsored by The Mayors’ Commission on Homelessness and Affordable Housing. It aimed to address the need for affordable housing in the Lowcountry. The panel discussion brought together organizations and experts dedicated to creating and preserving affordable housing for all citizens.
The City of Charleston has recognized the urgent need for over 16,000 affordable housing units by the end of the decade. However, building affordable housing in Charleston presents challenges. Trident Construction’s Chris Burrell spoke to these challenges during the panel discussion on Affordable Housing Development. Notably, he shared that it is approximately 30% more expensive to build in Charleston than cities like Charlotte or Atlanta. Factors such as hurricanes, strong winds, heavy rainfall, and poor soil conditions contribute to these high costs.
The Archer School Apartments project aims to provide safe and affordable housing for seniors with incomes at or below 80% of the area mean income. This initiative recognizes the need to address the specific housing challenges faced by senior citizens in the region. Patrick Doran, the Director of Finance for the Humanities Foundation, expressed the significance of this project, highlighting that it fills a crucial gap in the market for senior housing.
Trident Construction is proud to be a part of the Archer School Apartments project. By collaborating closely with the Humanities Foundation and similar organizations, we are contributing to the creation of 530 units of affordable housing in Charleston. We hope to continue to find solutions to address the growing need for affordable housing in the Lowcountry.
