Metanoia CEO Bill Stanfield
Reprinted from The Post & Courier
The recently unveiled Charleston County Housing Our Future plan provided the sobering statistic that only 15% of households in Charleston County can afford the current median home sale price of $538,000 in the county. That’s bad news for 85% of us. The statistic underscores how even as our region is booming, many are being left behind.
What if there were a tool that would incentivize those who are doing well to create opportunities for others to do better in their own backyard?
The great news for residents of South Carolina is that there is such a tool. The S.C. community development tax credit provides an opportunity for those who are doing well to reduce their state tax liability by providing gifts and investments to certified community development organizations across our state.