To address the need for affordable housing, Asheville City Council included $25 million for housing in the voter-approved $74 million bond package passed in November. The City’s aim is to make City-owned land available affordable housing and increase funding for new affordable housing via the Housing Trust Fund.
The City of Asheville had a 2.7 percent rental housing vacancy rate in 2016, up from the 1 percent from 2014, upgrading the situation from a housing crisis to a shortage.
In anticipation of bond funds being issued, City Council has allocated $10 million of the General Obligation Housing Bond in direct project investment. The Housing and Community Development Committee has made recommendations for a breakdown of that $10 million. Now we are seeking community input!
Come get information about this initiative and provide your comments from 6-7 p.m. Aug. 8 at the Dr. Wesley Grant Sr. Southside Center, 285 Livingston St.
For more information, visit the City of Asheville’s Bond Project Information webpage or contact Community Development Director Heather Dillashaw at HDillashaw@ashevillenc.gov or 828-259-5851.