North Charleston workforce housing & redevelopment

Ferndale MHP sold $4.9M, residents extended to July 22 with $70K relocation. Workforce Housing Fund buys Waverly Place, cuts rents $175–$455/mo, 20-year affordability, targets 1,000 units by 2027. City converting vacant lots to affordable housing (6 lots awarded). Hotel-to-apartment conversion with $1.6M city subsidy. Zoning overhaul emphasizing missing middle. New comp: 1819 English St 2BR $1,300. Red Metals $70M facility adding jobs. 30 housing authority homes remain vacant due to lawsuit; Mount Pleasant house at $425K highlights affordable supply bottleneck. Free Lunch Inc. building $265K affordable homes for income-qualified buyers in North Charleston, more units coming. Boeing's 1,000 new hires over five years will further strain affordable supply. Charleston County's Housing Our Future Trust Fund grows to $14.6M, funding 272 units (263 rental) — adds county-wide affordable supply, reinforcing workforce housing trends. New comp: 1623 Marietta St, North Charleston, 3BR/1BA $1,975.