February 24, 2026Asheville City Council
From the minutes, not yet reviewedWhat it does
Resolution ratifying the execution of all necessary documents with the Housing Assistance Corporation to provide HOME funding for the development of Apple Ridge affordable…
- Passed with the routine items, in one vote, without discussion.
- What the minutes say it will do: “The award is structured as a loan, which will generate program income over time that can be used for other projects.”
- The money, in the minutes' words: “Action Requested: Authorize the City Manager to ratify a HOME loan agreement with the Housing Assistance Corporation DBA Apple Ridge, LLC for the full amount of $940,000 , and authorize the City Manager to execute any and all documents necessary to give effect to this resolution.”
More from the minutes
- “HOME funds support affordable housing activities within the four-county Consortium region, including Buncombe, Madison, Transylvania, and Henderson counties.”
- “Pro(s): Funding supports the construction of affordable rental housing in the Asheville Regional Housing Consortium service area.”
Carried unanimously, as part of the consent agenda
From the minutes: This motion was seconded by Councilwoman Turner and carried unanimously.
Read the motion as recorded
“RESOLUTION NO. 26-22 - RESOLUTION RATIFYING THE EXECUTION OF ALL NECESSARY DOCUMENTS WITH THE HOUSING ASSISTANCE CORPORATION TO PROVIDE HOME FUNDING FOR THE DEVELOPMENT OF APPLE RIDGE AFFORDABLE RENTAL HOUSING CONSTRUCTION PROJECT; AND AUTHORIZE THE CITY MANAGER TO EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO GIVE EFFECT TO THIS RESOLUTION”
Open the minutesConsent agenda, item B