June 11, 2019Asheville City Council
From the minutes, not yet reviewedOfficial title
Council repealed and replace Resolution No. 18-287 with this resolution authorizing the sale of City-owned property at 360 Hilliard AVenue and 99999 Merritt Park Lane to the Kassinger Development Group (k/d/g d/b/a Hilliard Park Apartments, LLC) for an 86 unit rental community with 34 affordable units; (2) repeal and replace Resolution No. 18-288 with this resolution approving a loan from the City’s Housing Trust Fund; and (3) repeal and replace Resolution No. 17-117 with this resolution approving a new Land Use Incentive Grant agreement for Kassinger Development Group (d/b/a Hilliard Park Apartments, LLC) for property located at 360 Hilliard Avenue.
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- Passed. Voted no: Keith Young.
- Who it's for: Households earning 60% to 80% of the area median income: $61,440 to $81,920 a year for a family of four (HUD's 2026 income limits for tax-credit housing in the Asheville area).
More from the minutes
- “On June 13, 2017, City Council approved a 50 year ground lease to the Kassinger Development Group (KDG) for a 64-unit rental development on the City-owned “Parks Maintenance” site located at 360 Hilliard Avenue.”
- “33 of the 64 units to individuals and families at or below 80% of Area Median Income (AMI) for a period of 50 years; and,”
- “13 of the 33 affordable units rented at or below 60% AMI.”
Carried 6–1
From the minutes: This motion was seconded by Councilwoman Mayfield and carried on a 6-1 vote, with Councilman Young voting “no.”
Read the motion as recorded
“Councilman Kapoor moved (1) to repeal and replace Resolution No. 18-287 with this resolution authorizing the sale of City-owned property at 360 Hilliard AVenue and 99999 Merritt Park Lane to the Kassinger Development Group (k/d/g d/b/a Hilliard Park Apartments, LLC) for an 86 unit rental community with 34 affordable units; (2) repeal and replace Resolution No. 18-288 with this resolution approving a loan from the City’s Housing Trust Fund; and (3) repeal and replace Resolution No. 17-117 with this resolution approving a new Land Use Incentive Grant agreement for Kassinger Development Group (d/b/a Hilliard Park Apartments, LLC) for property located at 360 Hilliard Avenue.”
Open the minutesMotion text in the minutes