Mount Pleasant Magazine Nov/Dec 2020

116 www.ReadMPM.com | www.MountPleasantMagazine.com | www.VOICEofMPpodcast.com County, to offer support. Bauerschmidt added they are “enormously grateful” for RMA’s assistance and expertise. Partnerships are crucial in endeavors such as this — everything from elected officials and developers to arrangements with local banks to provide loans with low or no down payment. The town has been very supportive, and Bauerschmidt looks forward to their continued support on future projects. “It’s been a great collaboration and a commitment to stay the course,” she said. “It’s really been special in this difficult time.” A deed restriction will ensure Gregorie Ferry Towns remains workforce housing for 75 years, and there are caps on the sales price and income range. The goal is to help the homeowner build equity and also keep it affordable for the next person. Since the site plan changed, the project’s next steps involve meeting with the Town Council and the planning commission for the revised site plan approval and design review. Bauerschmidt expects the plan to be approved in November. From there, groundbreaking is expected to begin in January 2021, and project completion is anticipated by late spring. Housing for All has begun marketing the project, and, as of the time of this article, eight townhouses have already been sold, including the entire first building. “Interest rates are low, and buyers want to take advantage of that now,” noted Bauerschmidt. While this project is certainly a start, Housing for All acknowledged there is more to be done. Bauerschmidt said they will continue seeking opportunities for further workforce housing, as well as a housing project specifically geared toward seniors. Town grant funding is limited following the pandemic, but Carolina One New Homes is donating $500 per unit, and the Berry Companies is donating 1% of sales from the Gregorie Ferry townhouses back to Housing for All to fund future projects. GREGORIE FERRY WORKFORCE HOUSING JULY23,2020 MOUNT PLEASANT,SC This map illustrates a general plan of the development which is for discussionpurposesonly,doesnot limitorbind theowner/developer,and is subject to changeand revisionwithoutpriorwritten notice to the holder. Dimensions,boundaries,andposition locationsare for illustrativepurposes only and are subject to an accurate survey and property description. P#:18455.0400 W innoWing W ay gregorie ferry road existing pond 30’ easement existing pond dog park mail kiosk Wetland the sage at 1240 apartments model a model b model a model b model a model b sUmmary model a: model sf 8,874 sf Units/model 6 Units Unit sf 1,479 sf model b: model sf 8,874 sf Units/model 6 Units Unit sf 1,479 sf total Units 36 Units total sf 53,244 sf Gregorie Ferry Workforce Housing Aerial View. around town NAME DATE ADDRESS YEAR -MAKE -MODEL VIN# CITY,STATE,ZIP PHONE LIC# ODOMETERREADING DESCRIPTION OF WORK: QTY PARTNO.DESCRIPTION UNIT AMOUNT SUBTOTAL DISCOUNT TAX TOTAL 40 2020 ® W W W . B E S T O F M P . C O M