September 9, 2025Asheville City Council
From the minutes, not yet reviewedWhat it does
Approves the allocation of $10 million of affordable housing bond funding to the WNC Affordable Housing Loan Fund to create rental housing affordable…
- Passed. Everyone present voted yes.
More from the minutes
- “J.J. Froehlich, staff with Self-Help, provided the following information about the WNC Affordable Housing Loan Fund, (1) The WNC Affordable Housing Loan Fund creates and preserves affordable rental housing.”
- “They then reviewed some examples of the Affordable Housing Loan Funds public-private partnerships.”
- “Councilmember Roney read the staff memo regarding the Talbert lot next to the transit center: “Later this fall, the City will solicit proposals for firms to analyze the 50 Asheland property and develop conceptual plans for the future transit center and affordable housing on the site.”
Official title: Council approved the allocation of $10 million of affordable housing bond funding to the WNC Affordable Housing Loan Fund to create rental housing affordable to low and moderate-income households within the city limits, and authorized the City Manager to execute a service agreement with Self-Help Ventures Fund for the loan administration, underwriting, and servicing
Carried unanimously
From the minutes: This motion was seconded by Councilwoman Ullman and carried unanimously.
Read the motion as recorded
“Councilwoman Turner moved to approve the allocation of $10 million of affordable housing bond funding to the WNC Affordable Housing Loan Fund to create rental housing affordable to low and moderate-income households within the city limits, and authorize the City Manager to execute a service agreement with Self-Help Ventures Fund for the loan administration, underwriting, and servicing.”
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