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Bailey Bill: Hidden Tool for Affordable Housing | Charleston News
A hidden gem in South Carolina’s housing policy, the Bailey Bill—born in 1992 to protect historic homes—also quietly powers affordable housing. When an out-of-state developer uncovered its dual purpose, it sparked a movement: in Columbia alone, it preserved 200+ historic homes and pumped $200M in private investment, with every dollar from the city sparking $15 in renovations. Now, in Greenville, it helped renovate a senior living building without displacing low-income residents, saving over 100 affordable units. This overlooked law proves that smart, flexible policies can preserve history…
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