Lowcountry Housing Trust expands statewide, changes name, products
By Ashley Barker, Charleston Regional Business Journal
The executive director of the Lowcountry Housing Trust discussed two changes coming in 2014 with many of the organization’s biggest supporters today during a luncheon in downtown Charleston.
“The city of Charleston has supported the trust since its beginning when it was founded by the city. As of today, the city has provided $1.3 million to the trust,” Charleston Mayor Pro Tem William Dudley Gregorie said .Michelle Mapp told board members, community leaders and local developers that Lowcountry Housing Trust, a nonprofit community financier, will change its name to the S.C. Community Loan Fund on Jan. 1. With the new name, emphasis will be put on financing more small businesses and community facilities across South Carolina...
Part of the name change comes from the group shifting to providing loans for more than just affordable housing units. Community facilities, such as health and recreation centers and daycares; healthy food retail outlets, such as farmers’ markets, corner stores and grocery stores; and small community businesses that hire residents in underserved neighborhoods will be added to its list of product offerings.
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