The City of Asheville affordable housing bond referendum seeks to make home ownership available to low and moderate income city residents and staff. City Council took a step toward making those funds available when they adopted a Down Payment Assistance Policy resolution during their Feb. 26 meeting.
Adoption of the policy paves the way for the City’s Down Payment Assistance Program (DPA) to begin offering down payment assistance to qualified applicants.
Beginning this spring, the City’s Down Payment Assistance Program (DPA) will make a total of $1.4 million available to qualifying individuals and families to help them buy a home. The funding comes from $1 million in bond money and through public private partnership with the Federal Home Loan bank ($400,000).
In this video, Paul D’Angelo, Housing Development Specialist with the City of Asheville’s Economic and Community Development Department, explains the Affordable Housing Down Payment Assistance Program. Find more information at this link. Scroll down below the video for information about our May 18 open house.