August 25, 2020Asheville City Council
From the minutes, not yet reviewedWhat it does
Lets the City Manager approve a Grant Agreement with the asheville-buncombe community Land Trust for $1 million in Affordable Housing Bond dollars…
- Passed with the routine items, in one vote, without discussion.
More from the minutes
- “The mission of the ABCLT is to provide permanently affordable homeownership opportunities for low income individuals and families in Asheville and Buncombe County with a vision to create a thriving community where all are welcome.”
- “A community land trust creates permanently affordable housing by reducing the affordability gap by acquiring the land that remains “in trust” for the benefit of the community.”
- “A Grant Agreement between the City of Asheville and the ABCLT will assist in the production and preservation of affordable housing, as well as spending the Affordable Housing Bond dollars in a timely manner.”
Official title: Resolution authorizing the City Manager to approve a Grant Agreement with the asheville-buncombe community Land Trust for $1 million in Affordable Housing Bond dollars to be used for capital costs and $100,000 in Housing Trust Fund donation funds to be used for staffing and operations costs
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilman Young and carried unanimously by roll call vote.
Read the motion as recorded
“RESOLUTION NO. 20-142 - RESOLUTION AUTHORIZING THE CITY MANAGER TO APPROVE A GRANT AGREEMENT WITH THE ASHEVILLE-BUNCOMBE COMMUNITY LAND TRUST FOR $1 MILLION IN AFFORDABLE HOUSING BOND DOLLARS TO BE USED FOR CAPITAL COSTS AND $100,000 IN HOUSING TRUST FUND DONATION FUNDS TO BE USED FOR STAFFING AND OPERATIONS COSTS”
Open the minutesConsent agenda, item K