Greenville Journal
Greenville City Council has passed a resolution indicating it supports a state Senate bill that would allow municipalities and counties to require that a certain percentage of housing units within a multifamily structure or single-family development be sold or rented as affordable housing.
The current proposal would limit the required number of affordable units to 30% in a new development, and provide developers with handful of incentives for doing so. The proposal will also allow developers to opt-out and pay a fee.
Greenville City Council recently approved $2 million of the city’s fund balance to help provide more affordable housing, which is currently in a shortage of almost 2,500 homes.
