Financing Community Facilities and Real Estate

Housing the Workforce

Meet Dianah Katzenberger, a young professional living in Charleston. Content with renting, Dianah embarked upon homeownership a little sooner than she planned.

‘As a young professional just out of graduate school, homeownership was a long–term goal. I was definitely not on track when the opportunity presented itself.’

While searching a local neighborhood’s social media page, Dianah found a listing for a house in Wagener Terrace, an economically diverse neighborhood on the west side of Charleston. The house was part of the City of Charleston’s Homeownership Initiative, a program that provides affordable housing opportunities to low and moderate-income individuals and families. Under program guidelines, all housing units must remain affordable to Charleston’s workforce for a minimum of 20 years.

Fortunately for Dianah, the previous homeowner recently married and was now in need of a larger house for her expanded family; therefore, the house was placed back on the market. Uncertain whether or not she would qualify for a mortgage, Dianah contacted the City and was immediately connected to CLF’s Homebuyer Assistance Program. In preparation for homeownership, she attended training through a local housing agency where she learned the right steps to move forward. Upon completion of the course, Dianah received assistance to help with her closing costs.

‘At the time, I was unable to make the commitment to homeownership on my own, but with CLF’s financial assistance, I was able to purchase this house I now call home.’

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