Roofer in Summerville, SC

BELMAR, N.J.–(BUSINESS WIRE)–A partnership between Ellavoz Impact Capital, Tesatura Capital, EQ Housing Advisors, and Reinvestment Fund has helped preserve 56 units of naturally occurring affordable housing (NOAH) in the rapidly appreciating housing market of Summerville, SC, a suburb and employment hub in the Charleston area.

For Jeffrey Crum, president of Ellavoz Impact Capital, and Allie Zamfir, founder of Tesatura Capital, impact investing means far more than just financial returns. It’s about aligning capital to preserve housing for existing residents who would likely be displaced by an alternatively motivated buyer.

Mr. Crum spoke about the impact these acquisitions will have on the local community and current residents: “Purchasing these three small apartment buildings which are all within a tenth of a mile of each other helps Summerville preserve much needed price-attainable housing. While this area has exploded in terms of job growth and opportunity, this has led to rapid increases in real estate values and rent prices. Ellavoz is excited to partner with Tesatura and Reinvestment Fund to ensure these 56 units remain affordable to low- and moderate-income households that might otherwise be forced to move or see their rents increase drastically.”

With more than 40 years of experience directing capital into underserved communities, Reinvestment Fund is bringing both funding and expertise to the project. Their experience was central during the acquisition of the three townhome communities: Canopy at Pine Landing, Canopy at Cypress Square, and Canopy at Oak Bend.

Located near the planned Lowcountry Rapid Transit line and major employers such as Volvo and Walmart, the properties provide affordable homes in a fast-developing corridor where rising rents threaten long-time residents. NOAH properties are older, unsubsidized apartments which are classified as affordable due to age or condition and are increasingly vulnerable to market-rate conversion.

Through this investment, affordability is preserved via a covenant that reserves a portion of units for households earning between 50% and 80% of Area Median Income (AMI). Residents will experience more than just sustained affordability. Both communities will receive thoughtful renovations and essential building system upgrades, along with new community features such as a playground, gardens, and improved laundry facilities. Together, these enhancements will elevate the daily living experience for more than 100 residents—many of whom are working families and seniors.

This investment marks a major milestone for Reinvestment Fund who has lent billions in capital for affordable housing and community development projects throughout the country. This investment represents Reinvestment Fund’s first limited partner equity investment in decades. Ellavoz and Tesatura applaud Reinvestment Fund’s ability to find creative and unique ways to deploy capital into affordable housing transactions that meet the demands of the field today.

“We’re charting the path and creating new models for what community-centered investment can look like here in Charleston,” said Allie Zamfir, Founder of Tesatura Capital. “That means collaborating with partners like Reinvestment Fund to design tools that are both financially resilient and socially impactful.”

As housing pressures grow nationwide, this collaboration offers a model for safeguarding affordability without reliance on public subsidy. Ultimately, Canopy at Pine Landing, Canopy at Cypress Square, and Canopy at Oak Bend embody more than preserved housing—they illustrate how mission-driven capital can protect homes and strengthen communities for generations to come.

About Ellavoz Impact Capital:

Ellavoz Impact Capital, LLC, (EIC) is a social impact investor, advisor, asset manager, and real estate developer focused on creating and preserving workforce and affordable housing and other community-oriented real estate properties. EIC’s strategy concentrates investments into price-attainable housing and economic development projects by working with socially aligned operators, local nonprofits, and governmental agencies to deliver positive community outcomes and double bottom line returns.

Based in Belmar and Newark, New Jersey, EIC currently has total managed and controlled assets with a value exceeding $300 million. EIC is comprised of certified public accountants, attorneys, as well as real estate, finance, and economic development professionals. The team has both private sector experience and decades-long experience leading large community development financial institutions and nonprofit organizations. Collectively, the management team has led transactions with a total capitalization value of nearly $3 billion.

For more information about Ellavoz Impact Capital, visit our website at Ellavoz.com.

About Tesatura Capital:

Founded in 2023, Tesatura Capital is an emerging investment management firm focused on creating and preserving high-quality workforce and affordable housing in South Carolina with an initial focus on infill missing middle essential housing in Charleston. Tesatura executes on this mission by directly investing in and operating multifamily properties via partnerships with mission-aligned investors and non-profits. The firm believes that by focusing on community needs, both at the property and neighborhood level, they can help families and individuals live vibrant lives. Managing Principal Allie Zamfir brings deep institutional investment and asset management experience both in impact investing and managing a large portfolio of multifamily assets throughout the region.

To learn more about Tesatura Capital, visit tesaturacap.com.

About Reinvestment Fund:

Reinvestment Fund is a mission-driven financial institution committed to making communities work for all people. We bring financial and analytical tools to partnerships that work to ensure that people in communities across the country have the opportunities they strive for: affordable places to live, access to nutritious food and health care, schools where their children can flourish, and strong, local businesses that support jobs. We use data to understand markets and how transactions can have the most powerful impact, which has consistently earned us the top Aeris rating of AAA for financial strength and four stars for impact management. Our asset and risk management systems have also earned us an AA-rating from S&P. Since our inception in 1985, Reinvestment Fund has provided over $3.2 billion in financing to strengthen neighborhoods, scale social enterprises, and build resilient communities.

Learn more at reinvestment.com.

Contacts

Chris Ferry at chris@ellavoz.com or call direct at 732.616.8847.

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SUMMERVILLE, S.C., Nov. 03, 2025 (GLOBE NEWSWIRE) -- What should home buyers and home sellers focus on in today’s changing housing market? According to , understanding how local market factors differ from national trends is essential for anyone navigating the Summerville real estate landscape.

In Summerville, home prices have held steady even as the pace of sales has cooled from the rapid growth of previous years. The Charleston housing market, which includes Summerville, continues to attract steady demand from both local families and newcomers. Rather than a downturn, experts describe today’s conditions as a healthy rebalancing. The number of homes for sale is lower, but the buyers who remain are serious and selective, rewarding preparation and realistic pricing.

The article explains that higher interest rates, influenced by Federal Reserve policies, remain a key challenge for home buyers. These higher borrowing costs have reduced purchasing power, making it harder for some to afford the same level of home as before. Yet, the slowdown in competition means fewer multiple offers, allowing buyers to take more time with each decision. This shift gives them the ability to schedule a home inspection, carefully explore mortgage options, and compare properties without rushing into a purchase price they might later regret.

For Realtors Jana Bantz and Lisa Maynor of Jana Bantz & Associates, success in Summerville real estate depends on clarity and preparation. They emphasize that local factors often differ from national headlines. The Charleston housing market continues to benefit from strong job growth, quality schools, and a lifestyle that consistently draws new residents. These fundamentals help stabilize home prices even as the pace of transactions adjusts. According to their insights, buyers and sellers who understand local real estate trends can make better, more confident decisions.

For home sellers, careful preparation is more valuable than ever. The HelloNation article highlights how small steps, such as improving curb appeal, making minor updates, and staging, can significantly influence the final home sale. Pricing, however, remains the most critical factor. An overpriced home may sit on the market for weeks, while one priced near its median sale price often attracts serious, qualified interest. Cash offers are less common today, but prequalified buyers remain active, and flexible negotiation terms—such as adjusted closing costs or move-in dates—can help complete deals smoothly.

The Ashley Ridge swim teams had a strong performance during the 2025 South Carolina 5A Division I Swimming Championships in Columbia.

The Ashley Ridge boys came closer than they ever have to capturing a state championship, placing second. JL Mann won the boys’ meet with 423 points. Ashley Ridge claimed runner-up honors with 336 points. Rounding out the Top 3 were Wando (334.5), West Ashley (292) and Mauldin (236). Fort Dorchester (70) placed 15th and Summerville (69) placed 16th.

JL Mann also won the girls’ meet with a 286-point total. Clover (269), Mauldin (268), Wade Hampton (250) and River Bluff (232) rounded out the Top 5 girls’ teams. Cane Bay (183) placed seventh, while Ashley Ridge (183) placed 10th, Fort Dorchester (35) placed 18th and Summerville (34) placed 19th.

“We have a great group of kids, and watching them compete and cheer each other on was really cool,” said Ashley Ridge coach Victoria Merritt. “There’s something special about teaching kids their first swim lessons or watching them grow up from an 8-year-old on a summer swim team and then having them on the varsity team and seeing every bit of their hard work pay off.”

Ashley Ridge senior Grace Marsaa broke a state record that had stood since 2016, winning the Girls 100-yard Breaststroke with a 1:02.82 time. She also won the Girls' 50 Freestyle with a time of 24.32 and helped two AR relay teams to a top-10 finish.

Several members of the AR boys’ team contributed to multiple Top 10 finishes.

The Cane Bay Girls 200 Free Relay team of Mia Stephen, Josie Mullen, Fiona Haefner, Madeline Degeorge won its event with a 1:40.87 time.

Ashley Ridge dominated the Region 8 Swim Championships Oct. 3 at the North Charleston Aquatic Center, claiming both the boys’ and girls’ region championships.

The teams also had a lot of success before the region meet. The boys won the Ripley's Invitational and the Rock the Block Invitational. The girls placed second during both events.

Nathan Lindsey broke the school record in the boys 200-yard freestyle. Karter Gladis broke the school records in the boys 100 butterfly and boys 100 breaststroke. Marsaa broke the school records in the girls 200 free, girls 100 butterfly and girls 100 breaststroke.

“It was a really great season of fast swimming and a true testament to the dedication of the AR swimmers,” Merritt said. “They represented their families, the school and the sport so well. This marks the eighth straight time our boys and girls have won the region.”

5A Division 1 Swimming Championships Top 10 Finishes

AR Boys 200 Medley Relay (Nathan Lindsey, Karter Gladis, Landon Berghoff, Jimmy Young), 4th

Samuel Menken- Boys 50 Freestyle, 10th

Karter Gladis- Boys 100 Butterfly, 4th/ Boys 100 Breaststroke, 2nd

Ricardo DeCastro, Boys 100 Fly, 7th

Nathan Lindsey- Boys 500 Free, 2nd/ Boys 200 Free, 4th/ Boys 500 Free, 2nd

Finn Routhier- Boys 100 Backstroke, 5th

Angus Harley- Boys 100 Back, 7th

Landen Piscitelli- Boys 100 Breaststroke, 9th

Jimmy Young- Boys 50 Free, 8th/ Boys 100 Free, 8th

Landon Berghoff- Boys 500 Free, 6th

AR Boys 200 Free Relay (Livy Williams, Landen Piscitelli, Finn Routhier, Sean Grillet), 8th

FD Boys 200 Free Relay (Artem Sokolov, Samuel, Lucas Thibault, Leif Bergmann), 9th

AR Boys 400 Free Relay (Nathan Lindsey, Landon Berghoff, Jimmy Young, Karter Gladis), 2nd

CB Girls 200 Medley Relay (Fiona Haefner, Mia Stephen, Madeline Degeorge, Josie Mullen), 2nd

AR Girls 200 Medley Relay (Addie Green, Grace Marsaa, Callie Casa, Emily Bonacci), 4th

Madeline Degeorge- Girls 100 Fly, 3rd

Emily Bonacci- Girls 500 Free, 4th/ Girls 200 Free, 7th

CB Girls 200 Free Relay (Mia Stephen, Josie Mullen, Fiona Haefner, Madeline Degeorge), 1st

Fiona Haefner- Girls 100 Back, 4th

Grace Marsaa- Girls 50 Free, 1st/ Girls 100 Breast, 1st/

Bayleigh Simmons- Girls 50 Free, 7th

AR Girls 200 Free Relay (Kail Walker, Harper Kabealo, Grace Marsaa, Emily Bonacci), 8th

CB Girls 400 Free Relay (Mia Stephen, Josie Mullen, Fiona Haefner, Madeline Degeorge), 5th

2025 5A Region 8 Swim Champions

AR Girls 200 Medley Relay (Addie Green, Grace Marsaa, Callie Casa, Emily Bonacci)

Emily Bonacci- Girls 200 Free/ Girls 100 Free

Landon Berghoff- Boys 200 Free/ Boys 500 Free

Nathan Lindsey- Boys 200 IM

Grace Marsaa- Girls 100 Fly/ Girls 100 Breast

Addie Green- Girls 100 Back

Karter Gladis- Boys 100 Breast

AR Girls 400 Free Relay (Grace Sapko, Callie Casa, Kail Walker, Addie Green)

AR Boys 400 Free Relay (Nathan Lindsey, Landon Berghoff, Finn Routhier, Karter Gladis)

West Ashley Boys 200 Medley Relay (Daniyal Eldridge, Sean Groeber, Gabe Smith, Reid Scott)

Ashlyn Cook- Girls 200 IM

Russell Perlmutter- Girls 50 Free

Gabe Smith- Boys 50 Free/ Boys 100 Free

Daniyal Eldridge- Boys 100 Fly/ Boys 100 Back

Sophia Evans- Girls 500 Free

West Ashley Boys 200 Free Relay (Daniyal Eldridge, Sean Groeber, Gabe Smith, Brennan Kofke)

SUMMERVILLE, S.C. – Novant Health announced a new healthcare hub in Dorchester County, breaking ground today on a medical office building and freestanding emergency department in the Summers Corner community. The development will bring comprehensive, convenient care closer to home for patients in Dorchester County and the surrounding area.

The new campus will include a 32,000-square-foot medical office building offering primary care and specialty services, along with convenient parking to enhance patient accessibility.

Adjacent to the medical office, the 11,000-square-foot emergency department will feature 10 exam rooms, one trauma room and one triage bay, along with advanced imaging services including CT, ultrasound and X-ray. An on-site laboratory will allow for timely diagnostics and faster care decisions.

“Our Lowcountry communities are growing quickly, and Novant Health is here to grow right alongside the people who need us,” said Kirsten Royster, president of Novant Health’s Charleston area. “Novant Health Summers Corner represents our ongoing commitment to make remarkable care more accessible — ensuring families can find the primary, specialty and emergency services they need, right where they live.”

The project continues Novant Health’s significant investment across the Lowcountry. In 2025, team members broke ground on the new Center for Women’s Health at East Cooper Medical Center in Mount Pleasant, and construction is underway on a freestanding emergency department on Daniel Island.

Additionally, Novant Health continues to grow its primary care network statewide, adding new clinics and providers to better serve patients throughout the region.

“Our facilities are designed around patient convenience and clinical excellence,” said Robert Harrington, MD, physician executive for Novant Health’s South Carolina Region. “Whether someone needs same-day primary or specialty care, or immediate attention for an emergency, our teams will be equipped to deliver the highest quality care close to home.”

Novant Health Summers Corner is expected to open in late 2026. Those interested in joining our growing team can explore career opportunities online.

About Novant Health

Novant Health is an integrated network of nearly 900 locations, including 19 hospitals, more than 750 physician clinics and urgent care centers, outpatient facilities, and imaging and pharmacy services. This network supports a seamless and personalized healthcare experience for communities in North Carolina and South Carolina. Novant Health is nationally recognized for our unwavering commitment to safety and the highest quality care, and we serve as a catalyst for healthcare transformation through clinical trials, leading-edge research, innovative care delivery models and robust virtual care networks. The expertise and empathy of our more than 41,000 team members along with more than 8,600 independent and employed clinicians are at the heart of Our Cause as industry leaders caring for communities across the Carolinas. In 2024, Novant Health provided more than $1.6 billion in community benefit, including financial assistance and services.

For more information, visit NovantHealth.org. Follow Novant Health on Facebook, Instagram, X and LinkedIn.

SUMMERVILLE, S.C. (WCSC) - People in Dorchester County will soon have more access to medical care, including a new emergency room.

Novant Health hosted a groundbreaking on Tuesday morning for their new medical office building and freestanding emergency department in the Summer‘s Corner community.

The new campus will include a 32,000 square-foot medical office building offering primary care and special services. There will also be an 11,000 square-foot emergency department with 10 exam rooms, a trauma room, a triage bay and advanced imaging services.

Patients will also benefit from the new laboratory, which is expected to help speed up the process of important care decisions.

Aside from medical care, the additions will also provide new job opportunities for the rapidly expanding community.

“More people are relocating here. It’s good to have that state-of-the-art emergency room so there’s less transport time, so they can get some care from emergency physicians,” Port City Ambulance Services Operations Director Ryan Brooks said.

The development will bring care closer to home for patients in Dorchester County in the surrounding area.

“We know that can not only save lives when there’s an emergency, but also you’re healthier when your primary care and your specialty doctors are close by to where you live and work and so we’re really excited to bring this convenience to Summer’s Corner,” Novant Health Charleston Market President Kirsten Royster said.

“Novant Health Summer’s Corner is expected to open in late 2026.

Click here to explore Novant Health career opportunities.

Novant broke ground on two other Lowcountry facilities in 2025, including the Center for Women’s Health at East Cooper Medical Center in Mount Pleasant and the freestanding emergency department on Daniel Island.