BNC to Develop North Bridge Townhomes As Seen in the Post & Courier
Wednesday, October 11, 2023, at 11 a.m.
2312 Meridian Road (corner of Azalea Drive), North Charleston
Bridge North Charleston, a nonprofit organization, is creating affordable homeownership opportunities with the development of North Bridge Townhomes. A 20-unit community near the intersection of Azalea Drive and Cosgrove Avenue in North Charleston. Pricing ranges from the mid $100s to the high $200s with 100 percent financing for qualified buyers. Bridge North Charleston believes homeownership changes lives, the trajectory of future generations and slows the gentrification of communities like Accabee and Hub Village.
Charleston County awarded Bridge North Charleston a $1.5 million American Rescue Plan Act (ARPA) grant to help bridge the gap between cost and affordability. Other funding assistance comes from Boeing, grants provided by Coastal Community Foundation and private donations. Glick/Boehm Architecture is designing architectural plans for North Bridge Townhomes, pro bono.
12 of the North Bridge Townhomes are 2 bedrooms, 2 ½ baths; and 8 are 3 bedrooms, 2 ½ baths, all fully equipped with appliances including washer and dryer and window blinds. Vertical construction is underway with an expected completion date, late in the first quarter of 2024. To maintain the integrity of affordable homeownership, North Bridge must be owner occupied and deed restricted as affordable housing for 99 years. Corwyn Melette, Exit Realty Lowcountry Group, at (843) 619-3004, is overseeing marketing. Increasing Hope is partnering with Bridge North Charleston to provide financial education and counseling assistance. Pinnacle Bank, United and Premier are preferred lenders.
Bridge North Charleston, a 501 (C)(3) organization, was founded in early 2021 with a mission for the holistic revitalization of the under-resourced neighborhoods of Hub Village and Accabee. Other initiatives include Trident Technical College scholarships, community events, an annual Free Farmers Market and connecting residents directly to available resources.
For more information, visit www.bridgenorthcharleston.org or contact Patty Scarafile at (843) 371-1078.