Ascent Housing has partnered with the Charleston Regional Development Alliance to create Charleston Workforce Housing Fund, a new social impact fund focused on preserving naturally-occurring affordable housing (NOAH) in the Charleston region. Ascent Housing will serve as the Fund Manager and Operating Partner for Charleston Workforce Housing Fund, which has a goal of preserving nearly 1,000 quality, well-located housing units across the Charleston MSA over the next 2-3 years. The Fund is set up to follow the innovative strategy and success of Housing Impact Fund in Charlotte, which has raised and deployed $125 million of impact capital from the private sector since 2020, preserving 1,866 housing units for 0-80% AMI households near jobs, transportation, good schools and essential services.