Affordability is the No. 1 issue facing multifamily housing in the Charleston area, and it’s going to take work from multiple parties to take on the problem, according to a panel of industry experts.
Four industry experts spoke about multifamily housing, affordability and cost at the Business Journal's Power Breakfast on Thursday. (photo/Kim McManus)
“I know various municipalities have made efforts to addressing this problem, but there’s still a great divide in terms of what the private sector can do to address that and what the public sector can do to provide a solution,” said Dan Doyle, senior vice president of development for The Beach Co.
Doyle, who was among four panelists at the Charleston Regional Business Journal’s Power Breakfast on Thursday in North Charleston, said municipalities need to provide developers with incentive to build and make the investment in affordable housing rather than just giving land to them................Read More
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