City of Greenville Demands 10% Affordable Housing in County Square Development Plan
Greenville County and the developers of the billion redevelopment plan called County Square are still negotiating with the City of Greenville. While there are still lots of details to hammer out, no doubt all of those will get agreed upon with the possible exception of the City of Greenville’s demand that 10% of the housing be designated at “affordable housing.” The Greenville News has an excellent in-depth article today regarding the County Square project. In addition, there is a follow up story with concerns that neighbors have regarding the redevelopment of their neighborhoods.
This seems like a big reach by the city. Why is it this city councils all across the country feel they can interfere with projects like this and make a claim to get affordable housing. If the city wants affordable housing then collect whatever fee you think is necessary to fund your efforts and go build it elsewhere.
There are lots of places in Greenville to build affordable housing for people that the city can then manage. The developers should ask the city how much money are they looking for and pay them off.
About The Author
John Murphy
Husband of 34 years to my college sweetheart, Janet Murphy (@janetmurphydesign on Instagram). Together we have 6 wonderful children from ages 15-31 and 5 grandchildren. I’ve been a licensed REALTOR since 2003 and broker since 2007. I also am a cost segregation specialist helping building owners and real estate investors maximize their tax deductions, save thousands on their income taxes and increase their cash flow. If you’re a building owner you probably haven’t done a study…let’s connect. There is no obligation. We can run an estimate for you and really every building should be evaluated if the basis is over $150,000. I can work all over the country and not just here in the Upstate. We relocated to Greenville, SC for the lifestyle, lower cost of living, amazing amenities in the area and the growth opportunity for business and real estate. We absolutely love it here!
All opinions are expressly my own and do not represent either eXp Realty LLC, Cost Segregation Services, Inc. or any other company, organization or group that I might be affiliated with.