1120 Crull Dr.
Charleston, SC 29407
Ashley Arms represents the third phase of Hampstead’s 428-unit redevelopment effort in the Ashley River area about 3 miles from downtown Charleston, South Carolina.
This 100-unit property is to be maintained as affordable to families at or below 60% of area median income and is covered under a long-term Section 8 rental assistance contract. Equity is provided from the sale of Low Income Housing Tax Credits. Google is the bond lender. The rehabilitation will include the replacement of all major building systems and is to be complete by the end of 2015.