Real Estate News

Georgetown wants affordable housing and buyers

Georgetown County wants to increase its supply of affordable homes, and one possible way would be through loans to low- and middle-income buyers from the S.C. Community Loan Fund.

Jackie Broach, the county’s spokeswoman, said the city recently opened an affordable apartment building, but it is aimed at renters.

Increasing the stock of affordable homes has a different dynamic, she said, but agreed that Loan Fund loans for people to build their own affordable homes would be a good way.

In that light, the county, the Loan Fund and the Charleston Trident Urban League are reprising the first-time homebuyer training that was discontinued a little more than a year ago because of low attendance.

The day-long, free training results in attendees getting a certificate of completion and education in the steps to purchasing a home, from credit to move-in. Lunch is included for free.

The training is set for 9 a.m. to 5 p.m. at The Bunnelle Center, 8263B Ocean Highway in Pawleys Island on July 19. But Broach said that only a couple of people had signed up as of Friday afternoon.

The Loan Fund, formerly known as the Low Country Housing Trust, not only provides down payments and closing costs for qualified applicants, but it will also help finance community development projects such as the construction of affordable housing.

People can register for the homebuyer training at 843-973-7285.