South Carolina H4008 proposes a one-time impact fee on private developers for new residential and commercial units, with proceeds funding the South.

South Carolina H4008 proposes a one-time impact fee of at least six percent on private developers for each new residential and commercial unit constructed within a county or municipality. These fees must be paid before or at the issuance of a certificate of occupancy and deposited in the South Carolina Gentrification Trust Fund. The fund will provide financial assistance for relocation to low-income or fixed-income individuals, churches, and groups adversely impacted and displaced by gentrification.

South Carolina H4008 proposes a one-time impact fee on private developers for new residential and commercial units, with proceeds funding the South.

South Carolina H4008 proposes a one-time impact fee of at least six percent on private developers for each new residential and commercial unit constructed within a county or municipality. These fees must be paid before or at the issuance of a certificate of occupancy and deposited in the South Carolina Gentrification Trust Fund. The fund will provide financial assistance for relocation to low-income or fixed-income individuals, churches, and groups adversely impacted and displaced by gentrification.