By Alexis Simmons | February 13, 2019 at 7:26 PM EST - Updated February 13 at 7:53 PM

CHARLESTON, SC (WCSC) - The City of Charleston has decided how it will allocate a $20 million dollar bond for affordable housing projects in the city.

Voters approved this bond referendum in 2017. The city will assist in funding eight projects across the Charleston area that’s expected to create 630 affordable rental units.

Two of the projects are city projects located on the peninsula.

Some of the other projects will be on Johns Island and in West Ashley.

The homeless shelter in downtown Charleston, One80 Place, will also receive a portion of that funding to build up to 86 rental units on the mix-use property they own next to the shelter. It’s the site of their former homeless shelter.

“Part of the challenge we face is where we’re located we know that affordable housing is very necessary and a critical need on the peninsula,” said Stacey Denaux, CEO at One80 Place. “It’s also one of the most expensive places in our community to build.”

The project is expected to break ground in the Fall of 2019, completed by the end of 2020 and then occupied by 2021.