Innovative Approach to Peninsula Housing Shortage

Posted: July 8, 2022

In an innovative endeavor akin to a long-term Airbnb, Derek Snook launched CoLife , an online platform linking Charleston-area homeowners with prospective renters looking for furnished rooms and homes to share, for stays of at least one month. With any number of reasons why a renter would look for a short-term long-term rental, the service matches with homeowners who have extra space, are looking for additional income, or are wanting to have an additional person on the property. 

And who is the average renter? That is harder to answer, purely because the options are endless. Take the examples of graduate students, young professionals, contract workers, or recent arrivals to the city who are trying to figure out where to put down roots. In a blend of a dating app and a wanted ad, the renter completes a personal profile and gets matched with a suitable homeowner, after which they start the process making sure they are a fit. 

We are reminded that in the early 20th century the Charleston peninsula was full of boarding houses and homeshares which contributed to its then population of over 60 thousand residents, in an area that now holds a population of roughly 30 thousand residents. This fact is difficult to fathom given the dramatic increase in apartment buildings and large developments. The reason for this is, in part, that home sharing was far more prevalent in the 19th and early-20th centuries. A multi-faceted approach to housing attainability is going to be critical as our community grapples with its major housing pains. For example, the city of Charleston has made it easier for homeowners to construct accessory dwelling units—better known as garage apartments—on their property in order to provide smaller, lower-price options for renters. We welcome innovative ideas that help to generate a wider range of housing types for residents at all income levels!

Visit www.colife.fit for more information or read more in this editorial recently published in the Post & Courier, read below.

Charleston Startup Aims to Help with Housing Affordability | postandcourier.com

One response to “Innovative Approach to Peninsula Housing Shortage”

1. Linda A. Thomas says:

   July 11, 2022 at 11:12 am

   I have been part of CoLife for several years. A great way to participate in a “grass roots” kinda way in reducing your footprint, helping folks get ahead, and meeting new friends. Bonus is the extra cash 🙂

   Reply