December 8, 2020Asheville City Council
From the minutes, not yet reviewedCouncil approves The Bryson Investment Group LLC.
- 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).
More from the minutes
- “The construction will be a modular build with a partnership with Cardinal Homes out of Virginia.”
- “The developer, with staff assistance, will attempt to find buyers below 80% AMI that can qualify for these 12 homes with the help of local or national Down Payment Assistance Programs.”
- “The homes will come with a deed restriction of affordability for 10 years, meaning if the home is sold within that time period, the owner will sell it to another income qualified family at or below 80% AMI.”
Official title: Council approved The Bryson Investment Group LLC
Carried unanimously
From the minutes: This motion was seconded by Councilwoman Mosley and carried unanimously by roll call vote.
Read the motion as recorded
“Councilwoman Turner moved to approve The Bryson Investment Group LLC.”
Open the minutesMotion text in the minutes