March 10, 2020Asheville City Council
From the minutes, not yet reviewedWhat it does
Sets a public hearing on March 24, 2020, for tribute development college avenue apartments Land Use Incentive…
- Passed with the routine items, in one vote, without discussion.
- Who it's for: Households earning up to 80% of the area median income: up to $81,920 a year for a family of four, or $57,360 for one person (HUD's 2026 income limits for tax-credit housing in the Asheville area).
- What the minutes say it will do: “The proposed project will provide fifty-four (54) units affordable to individuals and families earning between 60.1% to 80% of the area median income for an affordability period of twenty (20) years.”
More from the minutes
- “The development consists of 54 rental apartments with 100% (54) of the homes proposed serving individuals and families earning between 60.1% and 80% Area Median Income (AMI) for 20 years.”
- “The proposed development consists of two or more dwelling units for rent;”
- “At least 10% of the units will meet the affordability standards set by the City of Asheville for households earning 80% or less of the Area Median Income (AMI).”
Official title: Resolution to set a public hearing on March 24, 2020, for tribute development college avenue apartments Land Use Incentive Grant
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Mayfield and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 20-47 - RESOLUTION TO SET A PUBLIC HEARING ON MARCH 24, 2020, FOR TRIBUTE DEVELOPMENT COLLEGE AVENUE APARTMENTS LAND USE INCENTIVE GRANT”
Open the minutesConsent agenda, item C