February 13, 2024Asheville City Council
From the minutes, not yet reviewedWhat it does
Pause acceptance of land use incentive grant (LUIG) applications until the Affordable Housing Plan recommends a course…
- Passed with the routine items, in one vote, without discussion.
- Who it's for: Households earning 50% to 80% of the area median income: $51,200 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
- “Adoption of a resolution for a temporary pause in the consideration of LUIG applications during the completion of the Affordable Housing Plan Update.”
- “The LUIG program was created in 2011 to incentivize the inclusion of affordable units at 80% AMI in projects that otherwise would have only offered market-rate rents.”
- “The LUIG Policy was not originally designed to produce units for lower-income residents (50% AMI or less) without additional funding layers like vouchers or other sources.”
Official title: Resolution to pause acceptance of land use incentive grant (LUIG) applications until the Affordable Housing Plan recommends a course of action for the LUIG program
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Smith and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 24-32 - RESOLUTION TO PAUSE ACCEPTANCE OF LAND USE INCENTIVE GRANT (LUIG) APPLICATIONS UNTIL THE AFFORDABLE HOUSING PLAN RECOMMENDS A COURSE OF ACTION FOR THE LUIG PROGRAM”
Open the minutesConsent agenda, item E