September 27, 2022Asheville City Council
From the minutes, not yet reviewedWhat it does
Approves in principle the issuance by the Housing Authority of the City of Asheville of up…
- Passed with the routine items, in one vote, without discussion.
- Who it's for: Households earning up to 60% of the area median income: up to $61,440 a year for a family of four, or $43,020 for one person (HUD's 2026 income limits for tax-credit housing in the Asheville area).
More from the minutes
- “The building was originally constructed in the early 1920s as the Battery Park Hotel and underwent an extensive adaptive reuse in the 1980s to allow for affordable housing.”
- “All 122 units at Battery Park are currently, and will continue to be, covered by a long-term Section 8 Housing Assistance Payment project-based subsidy making them affordable to households at and below 60% AMI.”
- “122 units of affordable senior housing will be preserved and renovated.”
Official title: Resolution approving in principle the issuance by the Housing Authority of the City of Asheville of up to $20,000,000 of multifamily housing revenue bonds for the acquisition and rehabilitation of Battery Park Apartments
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Wisler and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 22-222 - RESOLUTION APPROVING IN PRINCIPLE THE ISSUANCE BY THE HOUSING AUTHORITY OF THE CITY OF ASHEVILLE OF UP TO $20,000,000 OF MULTIFAMILY HOUSING REVENUE BONDS FOR THE ACQUISITION AND REHABILITATION OF BATTERY PARK APARTMENTS”
Open the minutesConsent agenda, item K