February 25, 2025Asheville City Council
From the minutes, not yet reviewedWhat it does
Approves the request to use $2,050,000 of the $3,879,366 Housing Trust Fund loan to purchase the land located at 99999 Oak Lodge Road…
- Passed. Everyone present voted yes.
- The money, in the minutes' words: “The developer is requesting to use HTF monies in the amount of $2,050,000 to purchase the land.”
More from the minutes
- “Allowing the City’s HTF loan to be used for land acquisition will allow this project to move forward and provide our community with much-needed affordable units.”
- “However, if the project falls through, the land will still have to be used for affordable housing, and the City will be in first position to be paid back our funds if needed.”
Official title: Council approved the request to use $2,050,000 of the $3,879,366 Housing Trust Fund loan to purchase the land located at 99999 Oak Lodge Road and 99999 Dogwood Road for the Pine Lane project being constructed by Roers Company
Carried unanimously
From the minutes: This motion was seconded by Councilwoman Roney and carried unanimously.
Read the motion as recorded
“Councilwoman Turner moved to approve the request to use $2,050,000 of the $3,879,366 Housing Trust Fund loan to purchase the land located at 99999 Oak Lodge Road and 99999 Dogwood Road for the Pine Lane project being constructed by Roers Company.”
Open the minutesMotion text in the minutes