"Standard continues to focus on ways we can preserve and create affordable and workforce housing through strong public-private partnerships.  With this addition to Standard’s portfolio in the Lowcountry, we are trying to do our part to alleviate the area’s high housing costs and low supply of affordable and workforce housing,” said Tommy Attridge, Standard’s Director of Southeast Production.

"Here we felt that establishing a sense of community by having an amenity center would be key to resident success and engagement, and making it feel more like a neighborhood as opposed to a fragmented apartment complex. The site has tremendous potential, and we plan to own for the long term,” said Tommy Attridge, Standard’s Director of Southeast Production.

"The Bridgeview Village acquisition had a total capitalization of over $97 million, including a $22 million renovation. Built in 1971, Bridgeview Village is a 100 percent affordable community featuring 300 units in 26 residential buildings on a 22-acre site. All units are covered by a Project-Based Section 8 Housing Assisted Payment (HAP) contract," said Tommy Attridge Director of Southeast Production for Standard Communities.

“We are excited to preserve Canebreak Apartments as affordable housing in a neighborhood that urgently needs it; it presents us with an opportunity to not only preserve affordable housing in the greater Charleston region, but also to upgrade and modernize the property in the process, which will be a huge benefit to the residents. We have worked closely with SC Housing and HUD to design the property’s next phase, and look forward to realizing those plans in the near future,” said Jeffrey Jaeger, Principal and Co-Founder of Standard Communities.