State senator pushing bill for statewide affordable housing

State senator pushing bill for statewide affordable housing

CHARLESTON COUNTY, SC (WCSC) - State senator from Charleston Marlon Kimpson is expected to file a bill Tuesday aimed at making housing across the state more affordable.

Kimpson says the the average price for a house is $235,000.

At the peak of the 2007 housing market, the average cost of a home was closer to $210,000.

Kimpson's plan calls for home builders to bear the cost.

He proposes an increase to building fees to fund affordable housing programs.

Additionally, it would allow for combining a low income housing tax state and federal credit and increase the state's documentary stamp tax to generate additional money for the housing programs.

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