Affordable Housing


City staff looks forward to our role in delivering quality projects to the Asheville community. Over the next few months staff will focus on developing project plans, schedules and communication tools. Project progress will be communicated through different tools and community meetings over the course of the next 7 years including quarterly updates to City Council.

The proposed $25 million in housing affordability bonds will provide additional support for the housing Trust Fund, a program that assists in creating diverse and affordable housing choices. It will also enable the city to re-purpose city-owned land for development that supports housing affordability.

The proposed bond program will supplement the programs that are already in the City’s annual operating budget and capital improvement program.

 


 

City of Asheville Housing Bond Project Investment

City of Asheville Housing Bond

Project

Area

Investment

Funding to re-purpose city-owned land for affordable housing Citywide $15,000,000
Housing Trust Fund Citywide $10,000,000
Total $25,000,000

Link here for additional information on the redevelopment of City-owned property. 


Helpful Links

 

Appendix 1: Affordability Requirements and Rents

Understanding bonds & the Referendum Process

 


Work Session Presentations

 

Wages, Housing and the Gap – Affordable Housing – Hard and Complicated

The City’s Role and Policy Discussion – The City’s role in affordable housing

Asheville City Council Workshop – The Development of Affordable Housing – Introduction to Laurel Street

 

 


Contact Information

 

Paul D’Angelo, Community Development Program Director

Community and Economic Development

828-251-4098

 

Additionally, if you would like to sign up to receive any/all Affordable Housing News, please contact:

Christina Harris

 


Updated 12/31/19

 


 

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