November 13, 2018Asheville City Council
From the minutes, not yet reviewedCouncil approves the sale of city-owned property at 360 Hilliard Avenue to the Kassinger Development Group for an affordable housing development.
- Passed. Everyone present voted yes.
- Who it's for: Households earning up to 80% of the area median income: up to $81,920 a year for a family of four, or $57,360 for one person (HUD's 2026 income limits for tax-credit housing in the Asheville area).
- What the City says it's for: “This project is a direct reflection of the recent policy changes and will be the first project before Council that will directly secure ownership opportunities for those at the lower price points of our community.”
More from the minutes
- “49 1-BR units and 15 2-BR units.”
- “Income restricted to 80% AMI, with an affordability period of 50 years.”
- “The developer would provide the 1st year of HOA payments on each affordable unit.”
Official title: Council adopted Resolution No. 18-287: Resolution authorizing the sale of city-owned property at 360 Hilliard Avenue to the Kassinger Development Group for an affordable housing development 11-13-18
Carried unanimously
From the minutes: This motion was seconded by Councilwoman Smith and carried unanimously.
Read the motion as recorded
“Councilman Young moved for the adoption of Resolution No. 18-287.”
Open the minutesMotion text in the minutes