May 10, 2022Asheville City Council
From the minutes, not yet reviewedCouncil approves a $1.2 million agreement to the terms and conditions herein.
Council voted to approve an agreement with the Housing Authority of the City of Asheville According to the terms and conditions herein, for $1.2 million.
- Passed. Voted no: Sage Turner.
- Who it's for: Households earning up to 50% of the area median income: up to $51,200 a year for a family of four, or $35,850 for one person (HUD's 2026 income limits for tax-credit housing in the Asheville area).
- The money, in the minutes' words: “Staff recommends approval of a motion that the Asheville City Council authorize the City Manager to negotiate and enter into a grant agreement with the Housing Authority of the City of Asheville in the amount of $1.2 million according to the terms and conditions herein.”
More from the minutes
- “42 of the 82 units will continue to have deep subsidies, serving families below 50% of AMI.”
- “The City utilized CIP, Fund Balance, and Affordable Housing Bond to facilitate a grant of funds.”
- “The mission of the HACA is to provide safe, quality, and affordable housing, to expand available resources, and to collaborate with the community to create opportunities for resident self-reliance and economic independence.”
Official title: Council authorized the City Manager to negotiate and enter into a grant agreement with the Housing Authority of the City of Asheville in the amount of $1.2 million according to the terms and conditions herein
Carried 5–2
From the minutes: The amendment to the original motion offered by Councilwoman Mosley and seconded by Vice-Mayor Smith carried on a 5-2 vote, with Councilwoman Turner and Councilwoman Wisler voting “no”.
Read the motion as recorded
“Vice-Mayor Smith moved to authorize the City Manager to negotiate and enter into a grant agreement with the Housing Authority of the City of Asheville in the amount of $1.2 million according to the terms and conditions herein.”
Open the minutesMotion text in the minutes