November 15, 2022Asheville City Council
From the minutes, not yet reviewedWhat it does
Approves the Land Use Incentive Grant application for Orange Capital Advisors LLC / 110 River Hills Road with a per unit subsidy…
- 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 minutes say it will do: “The proposed project would result in a total impervious area of 28.5%.”
More from the minutes
- “Maximum density in the RES EXP district is 50 units/acre for this project, since at least 20% of the dwelling units are affordable at 80% AMI.”
- “The proposed project’s density is 14.2 units/acre.”
- “Front yard, rear yard and side yard setbacks of 15 feet are proposed as is required in the RES EXP district.”
Official title: Council approved the Land Use Incentive Grant application for Orange Capital Advisors LLC / 110 River Hills Road with a per unit subsidy of up to $80,000 and total grant value of up to $2,480,000
Carried unanimously
From the minutes: This motion was seconded by Councilwoman Turner and carried unanimously.
Read the motion as recorded
“Councilwoman Mosley moved to approve the Land Use Incentive Grant application for Orange Capital Advisors LLC / 110 River Hills Road with a per unit subsidy of up to $80,000 and total grant value of up to $2,480,000.”
Open the minutesMotion text in the minutes