With preservation funds increasingly hard to come by, the displacement of some of Charleston’s long-term homeowners is amplified. The cost of maintenance for older homes – particularly in traditionally underserved communities – can limit the homeowner’s ability to remain in their home. The Common Cause Loan Fund was established by Historic Charleston Foundation and the Charleston Redevelopment Corporation in response to this growing problem.
The program provides much needed resources to qualifying homeowners for necessary exterior repairs, offsetting some of the cost burden of owning a historic home. Most importantly, it increases the likelihood of low-income residents being able to stay in their homes without being forced out by displacement pressures or the threat of deteriorating living conditions.
“Just like historic fabric erodes, losing the people, the families that have been in the houses for generations – that causes the cultural character to erode.” – April Wood, Manager of Easements and Technical Outreach
In partnership with the Charleston Redevelopment Corporation (CRC) and the City of Charleston, Historic Charleston Foundation is steadfast in our commitment to this program. The video below discusses this program with Historic Charleston Foundation staff, trustees, partner organizations and community members, produced and filmed by Thesis Content.
This program is made possible with the support of partner organizations, 1772 Foundation and the Charleston Redevelopment Corporation.