Commission Scramles for last minute $500,000 redevelopment grant

Real Estate Agent with Exit Island Realty

Published Thu, Nov 6, 2008 12:00 AM
By NATHAN GILLngill@beaufortgazette.com843-986-5532

The Beaufort Redevelopment Commission hopes that a state grant application could snowball into more affordable housing for Beaufort.

But members haven't figured out the particulars, they just know that the application is due today.
At its Thursday meeting, the commission decided to apply for $500,000 through South Carolina's Housing Action Partnership Program, which helps finance mixed-use housing developments. If the grant is approved, the commission is considering a partnership with the Beaufort Housing Authority.
However, neither group knows exactly what the money would be spent on, should they decide to accept the grant. Commission members wanted to complete a more thorough review of the grant's terms before accepting any money, and said the program originally had advertised an erroneous submission date, Nov. 17.
The Barner Group is preparing the grant application for the commission.
"Basically, what we are trying to do ... is to try to apply for $500,000," Barner Group owner Reggie Barner said. "We don't want to lose the opportunity to get this money."
The commission is considering using half the money, $250,000, to buy vacant lots in Beaufort in areas in need of redevelopment. Then, it would apply for a chunk of a $44 million federal grant available through the South Carolina Housing Finance and Development Authority.
That money, in turn, would be used to build single-family homes for low-income and working families.
"We know it's coming and we know it's an opportunity for us," said James Bellew, a commission member, of applying for federal money. "We're laying the foundation with this initial grant."
The other $250,000 would go to the housing authority, which is considering buying land in the Roseida area near the Marine Corps Air Station for future development.
"Everything is preliminary," said housing authority member Ed Boyd. "We've approved the application, but we haven't approved a project."

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Marcy Fedalei
Keller Williams Realty - Spartanburg, SC

Great start on ActiveRain! Welcome and thank you for sharing your thoughts and ideas.

Nov 08, 2008 10:26 PM #2
Dan Magstadt
Paramount Residential Mortgage Group, Inc - Lake City, FL

Congrats on your first post - Welcome to ActiveRain!!


Nov 09, 2008 04:41 AM #3
Kevin Sandridge
Signature Home Funding - Winter Haven, FL
Winter Haven Mortgage Broker

Kevin Sandridge's Facebook profileDavid, Welcome to the Rain!

Kevin Sandridge, here.  I joined the Active Rain community not too long ago myself and wanted to drop a line to share some of the good vibes and welcome wishes I have received already.

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Kevin Sandridge

Winter Haven, FL

Nov 09, 2008 07:22 AM #4
Jean Terry
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC

Hi and welcome to Active Rain, a great site to network, share, learn, and have fun. Good Luck.

Nov 09, 2008 11:13 AM #5
Nance Burdette
Keller Williams Realty Partners - Spartanburg, SC

Welcome and congrats on signing as a member of ActiveRain. Being a new member myself for only a couple months, I truly see the awesome advantage that blogging can be, (and it's fun). I am pleased to see the quantity of abundant professionals sharing their knowledge and ideas. Everyone has been so very kind. And so much to read!!! I hope to continue "reading" your blogs in the future.   Best of Luck,  Nance

Nov 09, 2008 11:41 AM #6
Lorena Westervelt
Van West Realty - Greenville, SC

Hello, welcome to Active Rain! This seems like a wonderful environment to network as well as learn from others. I hope you enjoy yourself and participate often in the Active Rain environment!

Nov 09, 2008 12:28 PM #7
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello David,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!


Nov 09, 2008 01:35 PM #8
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Nov 29, 2008 12:29 AM #9
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