360 Hilliard Development Process Happening Now Construction is underway for a new affordable and mixed income community at 360 Hilliard Avenue, next to the Aston Tennis Center. Late 2019, the City of Asheville sold land to the Kassinger Development Group to build 86 apartment homes, with a requirement that 34 apartments are affordable, in a downtown location close to jobs and community amenities. Kassinger has built multiple quality projects in the Asheville community, including The Retreat at Hunt Hill Apartments, Weirbridge Village Apartments and Audubon Place Apartments. The affordable apartments will be available to individuals and families ranging in income from $27,900 (single person) to $42,500 for a family of two. Rental rates for the affordable units are currently estimated at $650 to $900 per month based on income. Completion is estimated for late fall 2020. Background Getting an affordable housing development off the ground is complex. The City and Kassinger have had to re-work the details of the project multiple times to overcome the challenges of putting together a public-private partnership for affordable housing. The new agreement includes the following terms: The 360 Hilliard Ave. development will be an affordable and mixed-income rental community of 86 units with 34 affordable units. Of those, 18 units would be set aside for 60% Area Median Income (AMI) and below households and 16 units for 80% AMI and below households. A deed restriction guarantees affordability for 50 years. The site size is 1.75 acres. The City sold the parcel for $475,000, which is a discount from market value. In addition to bank financing and private funding, the development borrowed $1.4 million from the City’s Housing Trust Fund. The City provided a Land Use Incentive Grant that totals $560,043. The developer will install a public parking lot at the rear of the tennis courts, with the City to pay for half of the construction costs. The developer will install the trailhead and approximately 400 feet of the Bacoate Branch Greenway as well as the associated stormwater improvements. Construction and Impact on Parking at Aston Tennis Center We appreciate the patience of the WECAN community neighbors and the users of the Aston Tennis Center during construction. Parking is no longer available next to the tennis courts. At the end of the construction period, a new public parking lot will be available at the rear of the courts, with a total of 72 spaces. Tennis Center staff is working on an interim parking plan. Timeline June 2019 – Council approved sale and terms of 360 Hilliard December 2019 – Land was sold to Kassinger Development Group January 2020 – Construction began Fall 2020 – Lease up for market rate and affordable units to begin Winter 2020 – Estimated completion and apartments available for lease Supporting Documents 360 Hilliard Staff Report Development Plans for 360 Hilliard Elevation Drawing Contact Information Nikki Reid, Real Estate Andrew Mayronne, Community Development Related Services Business Inclusion The Business Inclusion Office for the City of Asheville actively seeks to identify minority and women-owned businesses for an opportunity to participate as providers of goods and services to the city. Apply for a commercial film or photography permit Information about commercial filming and photography work involving city-owned property, sidewalks, streets, and parks. Apply for a special event or festival permit Information about hosting an event on city-owned property, sidewalks, streets and parks. Cold weather emergency shelter When extreme cold weather is expected, the Asheville Homeless Coalition issues a Code Purple Alert. Participating homeless shelters voluntarily add space beyond their normal capacity to keep as many people as possible out of the cold. To find out when Code Purple is in effect, visit the Homeless Coalition’s Code [...] Find financial support for your Asheville business Learn about financial support that may be available for your business. Find or register a minority, women or disabled-owned business Resources for finding or registering a minority, women or disabled-owned business. More Related Services 360 Hilliard Development Process News Community Development to hold informational meetings about Block Grant program Posted on October 9, 2020October 9, 2020 by Polly McDaniel The City of Asheville annually awards Community Development Block Grants (CDBG) as part of a federal grant program through Housing and Urban Development (HUD) that provides funding for a variety of projects and programs that serve low- and moderate-income residents. The City of Asheville Community Development Division administers these funds and has set informational meetings on [...] AVL Shares Space extended to Jan. 3 with winter guidelines Posted on September 28, 2020September 28, 2020 by Ashley Traynum-Carson The City of Asheville will be extending the AVL Shares Space initiatives through Jan. 3, 2021, in order to continue providing businesses and organizations with opportunities to expand outdoors during COVID-19. In addition to the extension, new guidelines are being provided to participants that address winter-related accommodations and safety requirements. The goals [...] Asheville launches affordable housing initiative shaped by Harvard research Posted on September 15, 2020September 15, 2020 by Polly McDaniel Program is designed to help landlords make providing affordable housing more feasible Twenty-five landlords in Asheville now have a chance to be part of an innovative solution to the affordable housing crisis in our area. Thrive Asheville, an initiative of UNC Asheville that brings together local community advocates, policymakers, and professionals from diverse perspectives to find equitable solutions [...] More 360 Hilliard Development Process News
Business Inclusion The Business Inclusion Office for the City of Asheville actively seeks to identify minority and women-owned businesses for an opportunity to participate as providers of goods and services to the city.
Apply for a commercial film or photography permit Information about commercial filming and photography work involving city-owned property, sidewalks, streets, and parks.
Apply for a special event or festival permit Information about hosting an event on city-owned property, sidewalks, streets and parks.
Cold weather emergency shelter When extreme cold weather is expected, the Asheville Homeless Coalition issues a Code Purple Alert. Participating homeless shelters voluntarily add space beyond their normal capacity to keep as many people as possible out of the cold. To find out when Code Purple is in effect, visit the Homeless Coalition’s Code [...]
Find financial support for your Asheville business Learn about financial support that may be available for your business.
Find or register a minority, women or disabled-owned business Resources for finding or registering a minority, women or disabled-owned business.
Community Development to hold informational meetings about Block Grant program Posted on October 9, 2020October 9, 2020 by Polly McDaniel The City of Asheville annually awards Community Development Block Grants (CDBG) as part of a federal grant program through Housing and Urban Development (HUD) that provides funding for a variety of projects and programs that serve low- and moderate-income residents. The City of Asheville Community Development Division administers these funds and has set informational meetings on [...]
AVL Shares Space extended to Jan. 3 with winter guidelines Posted on September 28, 2020September 28, 2020 by Ashley Traynum-Carson The City of Asheville will be extending the AVL Shares Space initiatives through Jan. 3, 2021, in order to continue providing businesses and organizations with opportunities to expand outdoors during COVID-19. In addition to the extension, new guidelines are being provided to participants that address winter-related accommodations and safety requirements. The goals [...]
Asheville launches affordable housing initiative shaped by Harvard research Posted on September 15, 2020September 15, 2020 by Polly McDaniel Program is designed to help landlords make providing affordable housing more feasible Twenty-five landlords in Asheville now have a chance to be part of an innovative solution to the affordable housing crisis in our area. Thrive Asheville, an initiative of UNC Asheville that brings together local community advocates, policymakers, and professionals from diverse perspectives to find equitable solutions [...]