City of Charleston officials are holding a news conference this morning on a land transfer that will allow the city and the Housing Authority to begin development of 55 apartments for low-income senior citizens on the site of the former Ansonborough Homes.

The Housing Authority will break ground in October and open the units just before Christmas 2014.

The development will create 55 affordable apartments for low income senior citizens. It is the first return of low-income housing to the area since Hurricane Hugo and will go in an area pegged for high growth and tourism interest.

The news conference will be at 10:30 a.m. in City Hall Council Chambers.