CHARLESTON, S.C. (WCBD) – The Charleston Workforce Housing Fund, which launched this week, is working to address the area’s growing housing affordability crisis.

A coalition of private and public entities created the fund.

Leaders say it will provide 20-year affordable housing projections on 1,000 multi-family apartments that are currently at risk of market-driven rent increases.

The fund represents a unique community-centered approach to preserving housing access for the region’s workforce, while also delivering a return to those who have invested in the fund.

“This is about preserving communities by giving our neighbors reliable access to quality housing,” said William Russell, Charleston Regional Development Alliance Board Chair. “We’re investing in the Charleston region’s future by

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