December 13, 2022Asheville City Council
From the minutes, not yet reviewedCouncil approves recommended revisions to the Housing Trust Fund Policy prior to initiating the fiscal year 2022-2023 funding cycle.
- Passed. Everyone present voted yes.
What that means
- Fiscal year:
- The City's budget year runs from July 1 to June 30. Fiscal year 2027 runs from July 1, 2026, to June 30, 2027.
More from the minutes
- “She then reviewed the proposed schedule for HTF applications.”
- “On December 1, the Affordable Housing Advisory Committee had an in-depth discussion about the proposed policy changes and the scoring rubric.”
- “The AHAC’s approved recommendation was that they approve of the text changes to the Housing Trust Fund policy as proposed and supports adopting the highest subsidy cap feasible, to increase the subsidy cap to the highest possible amount (beyond 10% as currently written).”
Official title: Council adopted a resolution authorizing recommended revisions to the Housing Trust Fund Policy prior to initiating the Fiscal Year 2022-2023 funding cycle
Carried unanimously
From the minutes: This motion was seconded by Councilwoman Turner and carried unanimously.
Read the motion as recorded
“Councilwoman Mosley moved to adopt a resolution authorizing recommended revisions to the Housing Trust Fund Policy prior to initiating the Fiscal Year 2022-2023 funding cycle.”
Open the minutesMotion text in the minutes