October 22, 2024Asheville City Council
From the minutes, not yet reviewedCouncil shifts $1 million in affordable housing funds to Helene home repairs and rent help.
The $1 million was meant for affordable housing at 148 River Ford Parkway, the former Ramada. A new plan for that site, approved September 24, 2024, no longer needs it. Now it will pay for home repair and rental assistance, plus the cost of running them. Households at or below 60% of area median income come first, with help for up to 80%.
Watch this item, at 30:48(time from the video's captions)- Passed. Everyone present voted yes.
- The money, in the minutes' words: “On April 25, 2023, City Council approved an additional $1,035,000 from the Housing Trust Fund to fill an additional funding gap for a total of $2,500,000 (Resolution 23-92). 10-22-24 Page 19”
Still pending: The City still has to pick the nonprofit partners that will hand out the money.
More from the minutes
- “Quality Affordable Housing”
- “The project, which included 82 apartments, was approved for a Low-Income Housing Tax Credit (LIHTC).”
- “These funds will follow statutory requirements for affordable housing bonds.”
Official title: Council adopted a resolution authorizing the allocation of $1 million in Affordable Housing CIP funds to support Helene Recovery in the form of Home Repair assistance, Rental Assistance, and the respective associated administrative expenses
Carried unanimously
From the minutes: This motion was seconded by Councilwoman Mosley and carried unanimously.
Read the motion as recorded
“Councilwoman Turner moved to adopt a resolution authorizing the allocation of $1 million in Affordable Housing CIP funds to support Helene Recovery in the form of Home Repair assistance, Rental Assistance, and the respective associated administrative expenses.”
Open the minutesMotion text in the minutes