City of Charleston Committee on Real Estate 8/17/26

The City of Charleston Committee on Real Estate convened on August 17, 2026, to discuss several property and real estate matters with a focus on affordable housing and city property transactions. Key procurement-related discussions included the acceptance of a donation of 14 marsh grid properties valued at $20,000 to support a new wall project, and the approval of an electrical easement for Dominion Energy related to a municipal golf course undergrounding project. A significant portion of the meeting centered on the sale and development of city-owned properties in the Cooper River Bridge corridor to the Humanities Foundation for affordable housing. The committee debated the purchase price, affordability restrictions, and the length of affordability covenants, ultimately approving a motion to sell the properties for $1 million with a 50-year affordability period for at least 50 units. The urgency was tied to securing county ARPA funding. Additionally, the committee approved a lease amendment for Team 3's office space and four annexations in district 9. Motions were passed on all procurement items, reflecting the city's commitment to affordable housing and infrastructure improvements.