The U.S. Senate Committee on Banking, Housing and Urban Affairs published a majority press release on Chairman Tim Scott’s visit with Housing and Urban Development Secretary Scott Turner to One80 Place in Charleston, South Carolina, linking an affordable housing development in an Opportunity Zone to the committee’s housing affordability and regulatory agenda. One80 Place has a six-story USD 44 million housing and shelter project under construction, intended to deliver 70 affordable housing units and a 65-bed family shelter. Scott pointed to the ROAD to Housing Act as a means of easing regulatory pressures to support faster homeownership, while the release also highlighted that his Opportunity Zones initiative has driven USD 84.7 billion into underserved communities and cited Economic Innovation Group analysis associating Opportunity Zones with higher development activity and 172,000 new apartment units across 972 developments in 2,014 cities. Scott said he is looking to work with President Trump and Republican colleagues on a package to broaden and extend Opportunity Zones; the release also noted Turner’s prior commitment in his confirmation hearing to visit communities to see housing challenges firsthand.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-04-14
U.S. Senate Committee on Banking, Housing and Urban Affairs chair Tim Scott and HUD Secretary Scott Turner tour Charleston Opportunity Zone affordable housing development
The U.S. Senate Committee on Banking, Housing and Urban Affairs highlighted Chairman Tim Scott's visit with Housing and Urban Development Secretary Scott Turner to One80 Place in Charleston, South Carolina, focusing on its USD 44 million affordable housing project. The statement emphasized the ROAD to Housing Act's role in reducing regulatory barriers and noted that Opportunity Zones have attracted USD 84.7 billion in investments, spurring significant development. Scott aims to collaborate with President Trump and Republican colleagues to expand Opportunity Zones.